Sika Acquires Concrete Refurbishment Company in the US
Swiss construction chemicals major Sika has acquired Kwik Bond Polymers (KBP), a US-based manufacturer of polymer systems for the refurbishment of concrete infrastructure. Financial details of the transaction were not disclosed.
KBP has production facilities at its headquarters in Benicia, California, and additional production and warehousing near Pittsburgh, Pennsylvania. Its portfolio includes polymer technologies for long-lasting protection of bridge decks and other concrete infrastructure applications.
According to Sika, KBP’s solutions contribute to an overall carbon footprint reduction in the construction industry by increasing the lifespan of construction projects.
Infrastructure in the USA is facing unprecedented challenges due to lack of maintenance and under-investment over many years, Sika commented in a statement. In 2022, a $1.2 trillion infrastructure bill was approved that will support decade-long funding for critical infrastructure upgrades.
Mike Campion, Sika’s regional manager Americas, said: "Kwik Bond is a perfect complement to Sika’s current infrastructure focus and product portfolio. By preserving and extending the service-life of our concrete infrastructure, we deliver outstanding customer value and significant sustainability benefits to the construction industry."
