Sika has agreed to acquire Rmax Operating, LLC, a US-based market leader in the production of polyiso insulation products for complete Building Envelope solutions (roofing and wall systems). The acquisition brings technology and know-how that will accelerate Sika's growth and drive innovation in the North American market via the strong synergies between the companies. Rmax generated sales in excess of USD 75 million in 2016. The transaction is subject to clearance by anti-trust authorities.
With headquarters in Dallas, Texas, Rmax has been a market leader in polyisocyanurate insulation technology for over 37 years. At its three strategic production locations (Dallas, Texas; Greer, South Carolina; and Fernley, Nevada) Rmax produces insulation products and accessories that are highly regarded and widely specified for both commerical and residential wall and roof applications throughout the US. In particular, its innovations in continuous insulation for better Building Envelopes are at the forefront of the industry, and have many synergies with Sika technologies for walls and facades. Currently Sika USA purchases insulation products from third party suppliers to include in its solutions for Roofing and Building Envelopes. With this acquisition it will now be possible to benefit from in-house production.
Christoph Ganz, Regional Manager North America: "The acquisition of Rmax fits perfectly with Sika's growth strategy in North America, further strengthening our already fast-growing Building Systems in Roofing, Sealants and Waterproofing. Rmax brings us a proven industry leader, with strong innovations for Building Envelope applications, along with manufacturing expertise for wall and roofing insulation. We proudly welcome the Rmax employees to the Sika team and are excited about growing our business together". CONTACT Dominik Slappnig Corporate Communications and Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com
SIKA CORPORATE PROFILE Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protection in the building sector and automotive industry. Sika has subsidiaries in 97 countries around the world and manufactures in over 170 factories. Its more than 17,000 employees generated annual sales of CHF 5.49 billion in 2015.
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