Sika AG has acquired a 30 percent interest in Concria Oy, a Finnish startup whose Optimal Slab concrete floor installation and polishing technology offers a wide range of advantages to contractors, architects, and industrial or commercial property owners. The firm’s novel approach to decorative or performance slabs includes special dry shake hardeners, nanosilica agents, plus unique grinding and polishing procedures…
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Sika AG takes stake in concrete flooring specialist, keen on global prospects
Sources: Sika AG, Baar, Switzerland; CP staff The parent company of Sika Corp. has acquired a 30 percent interest in Concria Oy, a Finnish startup whose Optimal Slab concrete floor installation and polishing technology offers a wide range of advantages to contractors, architects, and industrial or commercial property owners. The firm’s novel approach to decorative or performance slabs includes special…
Read MoreSika extends budget for higher polycarboxylate admixture output
Sources: Sika AG, Baar, Switzerland; CP staff The parent company of New Jersey-based Sika Corp. has announced further investment in polymer production capacity at its Sealy, Texas plant, the second such outlay in five years. The move will yield higher volumes of the chemical building blocks underpinning the ViscoCrete family of admixtures for self-consolidating, high slump and cement-optimized concrete mixes. …
Read MoreSika adds mining-minded shotcrete, grout specialist Thiessen Team
Sources: Sika AG, Baar, Switzerland; CP staff The parent company of New Jersey-based Sika Corp. has closed on Thiessen Team USA, an Elko, Nev. provider of shotcrete and grouting agents, plus related plant and delivery equipment, for mining—including Western operations focused on minerals essential to electric vehicle batteries. The acquisition opens cross-selling potential for Sika mix accelerator and structural fiber…
Read MoreSika closes Master Builders deal with former Chryso underwriter
The parent of New Jersey-based Sika Corp. has consummated two transactions on its European home turf, both continuing a global concrete admixtures business transformation that began with 2021-22 Saint-Gobain Group deals for Chryso Group and GCP Applied Technologies. Sika AG of Baar, Switzerland acquired MBCC Group of Mannheim, Germany, then sold the Master Builders Solutions brand and MBCC assets in…
Read MoreSika AG outlines Master Builders asset sale plan ahead of MBCC closing
Sources: Sika AG, Baar, Switzerland; CP staff In one of the final major moves to consummate its MBCC Group takeover, Sika AG has entered an agreement whereby London-based petrochemicals Giant Ineos Enterprises will acquire Master Builders Solutions concrete admixture businesses in the U.S., Canada, United Kingdom and Europe, along with MBCC’s complete Australia and New Zealand portfolios. The proposed transaction…
Read MoreGCP answers investor with stockholder rights plan
The board of GCP Applied Technologies Inc., Cambridge, Mass., has adopted a stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of company common stock. The move responds to large blocks of shares changing hands during the first quarter, netting one New York hedge fund sponsor, 40 North Management LLC, a 24.6 percent ownership stake.
Read MoreSika AG prevails in protracted shareholder challenge
Sources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent of Sika Corp. has settled a three-and-half-year legal dispute with glass and building materials giant Saint-Gobain of France through transactions involving founding family members’ shares, plus proposed board measures altering governance and share classes.
Read MoreMANUFACTURERS – DECEMBER 2017
John Harris has joined the Besser Co. Technical Service team, bringing 25 years of hands-on block and brick production experience plus plant management skills. Based in Phoenix, he will be on the front line working to bring the latest technology and new equipment to manufactured-concrete producers.
Read MoreSika AG names Schuler to succeed LafargeHolcim-bound CEO Jenisch
A 20-year Sika AG veteran and chief executive officer since 2012, Jan Jenisch will transition in the same capacity to Swiss peer, LafargeHolcim Ltd., in mid-October. LafargeHolcim Chairman Beat Hess calls Jenisch “a CEO widely respected for consistently delivering strong business results [who] comes with a deep understanding of the building materials sector. His agile leadership style and personal skills will be a good fit with our company culture and management team.”
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