Sika recently announced it has acquired DriTac, a U.S.-based floor covering adhesives company. According to Sika, the acquisition will contribute to its increased presence among floor covering installers and distributors while accelerating its expansion in the interior finishing market in the U.S. In 2020, the acquired business generated sales of CHF 20 million (approximately $21.2 million).
Sika reports that the DriTac acquisition strengthens its growth platform for interior finishing in the U.S. with large potential for cross-selling of Sika's other complementary products, including moisture-mitigation materials, surface preparation, and self-leveling underlayment mortars, as well as tile setting materials. The DriTac product range, which includes polyurethane, modified silicone, and water-based technologies, will further enhance Sika's system solutions for floor covering applications and give customers access to a large, full-range portfolio.
"With this acquisition, Sika establishes a leading position in floor covering adhesives, especially for wood floors, in the USA," said Christoph Ganz, regional manager Americas. "Expansion in Interior Finishing is a key growth initiative for Sika and we are well positioned to bring all our technologies, including the newly acquired range, to our customers in this large and attractive market. We welcome the new employees to the Sika family and look forward to further developing the business together."