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Sika acquires US construction chemical firm LM Scofield

The takeover will help Sika to accelerates its growth strategy In North America

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BS B2B Bureau Baar, Switzerland
Last Updated : Apr 04 2016 | 2:59 PM IST
Switzerland-based Sika has acquired LM Scofield, the US-based company that manufactures concrete colour additives for ready-mixed concrete, decorative products and offers treatments for concrete refurbishment. Scofield offers a comprehensive range of colour solutions to serve customers in the fast-growing decorative concrete market of North America, and generated sales of CHF 17 million in 2015.
 
Based in Los Angeles, LM Scofield is a 100 year old, family-owned company that has long been established as the number one trusted brand of concrete colour additives and decorative products in North America. With two strategic production locations - Los Angeles (California) and Atlanta (Georgia) - LM Scofield produces a complete range of colour solution products that are highly regarded and widely specified. 
 
The acquisition fits perfectly with Sika's accelerated growth strategy in North America. In the past two years the production footprint for mortars and admixtures has expanded with the addition of four new plants - in Denver, Atlanta, Philadelphia and Vancouver - the number of factories in North America now totalling 18. In addition, the acquisition of the mortar company BMI, made in 2015, completed the supply chain in the dynamic Californian market.

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First Published: Apr 02 2016 | 2:58 PM IST

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