WELWYN GARDEN CITY, England—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.