Sika acquires liquid waterproofing company in the USA
Sika has acquired United Gilsonite Laboratories (UGL) in the United States, a well recognised manufacturer of products for consumer and DIY waterproofing applications. Their product portfolio is sold through the distribution channel and can be found in major retailers in the USA.
As Sika points out, UGL is a long-standing company offering consumer and DIY liquid waterproofing products with a strong presence in the distribution channel. With headquarters and production in Scranton, Pennsylvania, and two additional production sites in Illinois and Mississippi, UGL is well situated to efficiently supply its products to customers in every region of the country. For Sika, the acquisition will increase its presence with major retailers and other building material stores by widening the offering and opening up cross-selling opportunities.
Taking advantage of growth trends
In the large USA residential housing segment, demand for watertight basements is anticipated to grow at above-average rates in the years to come, as homeowners refurbish and create more valuable living space with basement finishing. In commercial construction, the need for watertight basements to maximize building utility and protect valuable assets and investments continues to grow. With the combined offerings of the two companies, Sika wants to take advantage of the growth trends in both the residential and commercial construction segments.
