Adhesive and sealant manufacturer Sika A.G. has acquired Everbuild Building Products Ltd., which it says is England's largest independent manufacturer of sealants, adhesives and construction chemicals.
Leeds, England-based Everbuild makes adhesives and sealants, including those from polyurethane, and has annual sales of more than $97.5 million. With a work force of 270, the company runs a manufacturing facility for the full range of construction chemical products with laboratories and a logistic hub.
Everbuild will operate as a subsidiary of Welwyn Garden City-based Sika and will be led by the existing management team. Founder David Seymour will stay with the company 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 in a statement.
The acquisition will 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. The acquisition will give us a strong position in the (United Kingdom) distribution market and offers considerable potential to further leverage Everbuild's sales channels with Sika's product range," said Sika CEO Jan Jenisch.