Swiss chemicals behemothic Sika AG has acquired Butterfield Color Inc., an Illinois-based baton in the accomplish of adorning accurate attic products, as it seeks to access the US market.
The aggregation said in a account that the accretion of the family-owned business would advance its advance by alms top cleft solutions for accurate contractors in the North American marketplace.
The accretion of Butterfield fits altogether with our advance action in North America, enabling us to ability new architect barter and bigger access key projects, Sikas bounded administrator for North America Christoph Ganz said.
Sika did not acknowledge the bulk it spent to access the business that generated sales of $20 actor in 2016.
The accretion of Butterfield comes almost 18 months afterwards Sika acquired L.M. Scofield, a Los Angeles-based bazaar baton in the assembly of accurate colour additives for ready-mixed concrete, as able-bodied as adorning articles and treatments for accurate refurbishment.
We see abundant synergies advancing from the accumulated technologies of Sika, Scofield, and now Butterfield. We are appreciative to acceptable Butterfields advisers into the Sika aggregation and we are aflame about growing our business together, Mr Ganz said.
Sikas accommodation to access Butterfield was a by the latters arresting band of colours and sealers, as able-bodied as avant-garde accoutrement for backyard and texturing which accept apparent the
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