24th January 2019

SIKA BUYS L.M. SCOFIELD

Specialty chemical company Sika Corp. has acquired L.M. Scofield, a 100-year-old North American producer of color additives and decorative products for concrete. Terms of the transaction, announced on April 1, were not disclosed.

Based in Los Angeles, with additional production facilities in Atlanta, L.M. Scofield offers a comprehensive range of color products to serve customers in the fast-growing decorative concrete market of North America. The company generated sales of $17.8-million in 2015.

 “The acquisition of L.M. Scofield further accelerates our growth strategy for North America,” said Christoph Ganz, regional manager North America, Sika. “It provides us with a proven, industry leader, and a number one brand position in colors for new concrete and refurbishment.

“We proudly welcome L.M. Scofield’s employees to the Sika team and are excited about growing our business together,” he said.

Over the past two years, Sika says it has expanded its production footprint for mortars and admixtures with four new plants—in Denver, Atlanta, Philadelphia and Vancouver, bringing its total number of manufacturing facilities in North America to 18.

In addition, Sika Corp. also acquired the mortar company BMI, in 2015, to complete the supply chain in the dynamic Californian market, the company said. Sika, based in Lyndhurst, NJ, is the largest company of the Sika Group, a global supplier of specialty chemicals for construction, industrial and automotive markets.

www.sika.com