King Package Materials deal deepens Sika Canada portfolio

Sources: Sika Corp., Lyndhurst, N.J.; CP staff

The latest additions to Sika AG’s North American operations are King Packaged Materials Co., a large independent Canadian producer of dry shotcrete, grouts, mortars and concrete solutions, and sister business King Shotcrete Equipment Inc.—both under KPM Industries Inc., Oakville, Ontario. The acquisitions expand the geographical footprint of Quebec-based Sika Canada and improve its growth potential in home improvement, construction, mining and tunneling markets.

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Amid start up of its 2 million ton/year Port-Daniel–Gascons mill in eastern Quebec, McInnis Cement has outlined an Atlantic provinces distribution plan anchored on the acquisition of two CRH Canada terminals serving New Brunswick, Nova Scotia and Prince Edward Island. McInnis will honor the facilities’ order log, integrate current staff, and—under a separate agreement—begin cement deliveries to CRH Canada terminals in Long Pond, Argentia and Corner Brook, Newfoundland this fall.

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