Chemical giant Sika has acquired Butterfield Color, Inc. a US-based market leader in the production of decorative concrete floor products and systems.
The firm said that the acquisition will accelerate Sika’s growth by bringing the most comprehensive range of solutions for concrete contractors in the North American construction market. Butterfield generated sales of CHF 20 million in 2016.
“The acquisition of Butterfield fits perfectly with our growth strategy in North America, enabling us to reach new contractor customers and better penetrate key projects,”said Christoph Ganz, Regional Manager North America.
Based near Chicago, Butterfield is a well-established, family-owned company with a strong brand and reputation serving contractor customers nationwide.
Butterfield’s impressive line of colors and sealers, plus innovative tools for stamping and texturing, has been growing with strong momentum for many years.
Last year Sika acquired L.M. Scofield, the market leader in architectural specifications and a leading supplier of colored and decorative concrete.
Acquiring Butterfield now adds an unmatched contractor presence and, combined with Scofield, establishes Sika as the clear market leader in this fast-growing market.
“We see great synergies coming from the combined technologies of Sika, Scofield, and now Butterfield. We are proud to welcome Butterfield’s employees into the Sika team and we are excited about growing our business together,” added Ganz.
Sika has subsidiaries in 99 countries around the world and manufactures in over 190 factories. Its more than 17,000 employees generated annual sales of CHF 5.75 billion in 2016.
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Sika performed well in a challenging environment in 2021. Despite the persistent COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly to a record CHF 9.24 billion, corresponding to growth of 17.1% in local currencies.
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