Sika Acquires Everbuild Building Products Ltd.
Sika recently announced it has acquired Everbuild Building Products Ltd., reportedly the UK’s largest independent manufacturer of sealants, adhesives and construction chemicals. Everbuild will operate as a subsidiary of Sika UK and will be led by the existing management team. Its founder, David Seymour, is expected to stay with the company to drive the continued success of the business and ensure a smooth transition.
“With Sika, we have the possibility to further grow our business and to benefit from the broad R&D capabilities for further product innovation,” Seymour said.
The acquisition will reportedly strengthen Sika’s position in the construction chemical market and in the professional distribution and do-it-yourself channels. “We are very proud to welcome the successful team of Everbuild in the Sika family,” said Jan Jenisch, CEO. “The acquisition will give us a strong position in the UK distribution market and offers considerable potential to further leverage Everbuild’s sales channels with Sika’s product range.”