Sika Completes Acquisition of HPS North America to Expand Presence in US Building Finishing Market

Sika Completes Acquisition of HPS North America to Expand Presence in US Building Finishing Market

(IN BRIEF) Sika has fully acquired HPS North America, Inc., a supplier of building finishing materials in the US, including Schönox branded products. The acquisition strengthens Sika’s position in the growing building finishing market and will lead to improved efficiency in logistics and production. HPS, known for its self-leveling and waterproofing solutions, has seen significant growth. Sika’s previous acquisition of Parex, along with this move, will further expand its presence in the sector, creating cross-selling opportunities. Mike Campion, Regional Manager Americas, highlighted the positive impact of integrating HPS into Sika’s US operations.

(PRESS RELEASE) BAAR, 4-Mar-2025 — /EuropaWire/ — Sika has completed the full acquisition of HPS North America, Inc., a leading supplier of building finishing materials, including Schönox branded products distributed in the US. The integration of HPS into Sika USA strengthens the company’s position in the building finishing sector, paving the way for further expansion and enhanced operational efficiency.

HPS has shown impressive growth in sales and profitability, distributing a range of products such as self-leveling and waterproofing solutions, primarily used in flooring applications. This acquisition comes after Sika’s increasing presence in the US building finishing market, bolstered by its previous acquisition of Parex. With this move, Sika now owns the remaining stake in HPS, opening up opportunities for cross-selling in the flooring industry and streamlining logistics and production.

Mike Campion, Regional Manager Americas, emphasized the strategic significance of the acquisition, stating that integrating HPS will accelerate business development and enhance distribution networks in the building finishing market. He also expressed enthusiasm for combining the sales and marketing expertise of both teams to better serve customers.

SIKA AG CORPORATE PROFILE

Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide.

In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024.

Media Contact:

Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SOURCE: Sika AG