Sika acquires Butterfield Color in the US
Sika continues its expansion strategy: The specialty chemicals company has acquired Butterfield Color, Inc. a US-based manufacturer of decorative concrete floor products and systems.
The acquisition will accelerate Sika’s growth by bringing a comprehensive range of solutions for concrete contractors in the North American construction market. Butterfield generated sales of EUR17.18 million in 2016.
Fast-growing market
Based near Chicago, Butterfield is a family-owned company with a strong brand and reputation serving contractor customers nationwide. Butterfield’s line of colours and sealers has been growing for many years. Last year Sika acquired L.M. Scofield, a supplier of coloured and decorative concrete. Acquiring Butterfield now adds an unmatched contractor presence and, combined with Scofield, establishes Sika as market leader in this fast-growing market.
Great synergies
Christoph Ganz, Regional Manager North America: “The acquisition of Butterfield fits with our growth strategy in North America, enabling us to better penetrate key projects. We see great synergies coming from the combined technologies of Sika, Scofield, and now Butterfield.”
