Welwyn Garden City, UK - Adhesive and sealant manufacturer Sika AG has acquired Everbuild Building Products Ltd, which it says is the UK's largest independent manufacturer of sealants, adhesives and construction chemicals.
Leeds-based Everbuild makes adhesives and sealants, including those from polyurethane, and has annual sales of over CHF 90 million ($97.5 million). With a workforce 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 UK and will be led by the existing management team. Its founder David Seymour will 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 in a 17 June news release.
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 UK distribution market and offers considerable potential to further leverage Everbuild's sales channels with Sika's product range," commented Jan Jenisch, CEO of Sika.