Business news : Sika acquires UK manufacturer of marine adhesives

The Swiss manufacturer acquires Everbuild
                 
Sika says it has acquired UK-based Everbuild Building Products Ltd for an undisclosed amount.
                 
Everbuild, based in Leeds, has annual sales of CHF90m. It manufactures sealants and adhesives in its marine business under the mSeal and mBond brands as well as products for other industries.
                 
Sika said Everbuild would retain its existing management team. It currently has a workforce of about 270, with manufacturing facilities and laboratories.
                 
"With Sika we have the possibility to further grow our business and to benefit from the broad R&D capabilities for further product innovation,” said David Seymour, founder of the company, in a statement. Seymour will manage the company during the transition.
                 

“The acquisition will give us a strong position in the UK distribution market and offers considerable potential to further leverage Everbuild's sales channels with Sika's product range,” said Jan Jenisch, CEO of Sika, in the statement.