SIKA ACQUIRES NORTH AMERICAN MARKET LEADER IN GREEN ROOFS

SIKA ACQUIRES NORTH AMERICAN MARKET LEADER IN GREEN ROOFS

Sika has American Hydrotech Inc. in the US and acquired its subsidiary Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and supplier of total roofing and waterproofing solutions. In the fast-growing green/garden roof segment, Hydrotech is the clear North American market leader. The acquisition strengthens Sika’s roofing and waterproofing portfolio and complements Sika’s focus on sustainability. In 2020, the acquired company generated a turnover of CHF 83 million.

For over 44 years, Hydrotech’s proven solutions have been trusted and specified by architects and design professionals. Their outstanding achievements can be seen in many of the iconic buildings in North America. As more building roofs are transformed into valuable leisure space, Hydrotech’s garden roof systems are growing rapidly. Hydrotech also has a strong market position in waterproofing plaza decks and foundations. Like Sika, Hydrotech offers sustainable products that contain post-consumer recycled material. Their uniquely formulated membranes use 40% recycled materials. This combination of durability and performance has resulted in loyal and long-lasting customer relationships.

With this acquisition, Sika becomes the number one supplier of green roofs in North America. In addition, Sika gains a new growth platform with the comprehensive offering of complete roofing and waterproofing systems. The two companies have a similar corporate culture with highly motivated people and a strong focus on sustainable, reliable, long-term solutions and customer relationships, making them a perfect fit.

Christoph Ganz, Regional Manager Americas: “With this acquisition, Sika establishes a leading position in the fast-growing application of green/garden roofs and waterproofing. This fits perfectly with Sika’s sustainability focus and strengthens our position in the major cities where green roofs continue to gain momentum. We are very pleased to welcome the Hydrotech employees to the Sika family and look forward to further developing the company together.”

CONTACT
Dominik Slapnig
Corporate communication &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SIKA COMPANY PROFILE
Sika is a specialist chemical company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcement and protection in the construction and automotive industries. Sika has subsidiaries in 100 countries around the world and manufactures in more than 300 factories. The 25,000 employees generated an annual turnover of CHF 7.88 billion in 2020.

The press release can be downloaded from the following link:
Press release

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