Sika has fully acquired HPS North America Inc., a supplier of building finishing materials. HPS distributes Schönox branded products, manufactured by Sika Germany, in the U.S. market. The company reports that fully integrating this business into Sika USA will create a strong platform for further expansion in the building finishing segment and lead to significant efficiency gains. 

HPS has developed the business over the past few years, growing both sales and profitability. The products, which include self-leveling and waterproofing solutions, are sold via a well-established network of distribution partners and are mainly used in flooring applications. 

Since the acquisition of Parex, Sika has continuously increased its presence in the building finishing segment in the United States. By acquiring HPS, Sika continues to expand its position in this growing market segment. Until the acquisition, Sika held a minority stake in the company and is now acquiring the remaining portion of the company. Fully consolidating this business under Sika ownership will provide cross-selling opportunities in the flooring industry and bring efficiency gains in logistics and production.

Mike Campion, regional manager, Americas, commented, “With the integration of the HPS business into our U.S. organization, we will be able to go full speed ahead in developing our business relationships and distribution networks in the building finishing area. We are looking forward to combining our sales and marketing expertise to best serve our customers and warmly welcome the HPS employees to our Sika team.”

Learn more about Sika at www.sika.com.