Sika acquires Scofield in US; accelerates growth in North America

Sika acquires Scofield in US; accelerates growth in North America

4:15 AM, 5th April 2016
Sika acquires Scofield in US; accelerates growth in North America

BAAR, SWITZERLAND: Sika AG has acquired LM Scofield, a US-based producer of concrete colour additives for ready-mixed concrete, along with decorative products and 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.

Los Angeles-based, 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 – even beyond the North American continent.

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.

“The acquisition of LM Scofield further accelerates our growth strategy for North America. It provides us with a proven, industry leader, and a number one brand position in colours for new concrete and refurbishment,” said Christoph Ganz, regional manager, North America, Sika.

© Worldofchemicals News

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