Lyndhurst-based Sika announced Tuesday it has acquired a Tennessee-based Concrete Fibers business from Propex Holding LLC.
The acquisition includes a 12,000-square-foot synthetic fibers manufacturing facility, sales operations and a brand.
The business, Sika said, will help it improve its concrete systems and will bring the Fibermesh brand to its ranks.
“The acquisition of the global Concrete Fibers business of Propex and the Fibermesh brand is a great fit with Sika’s current portfolio. It brings even greater value to existing and new Sika customers within the ready-mix and precast concrete market. The Fibermesh brand is the industry standard for quality and performance. As part of Sika, we see enormous growth opportunities for Fibermesh, especially in our solutions for construction in big city environments and for our Tunneling & Mining business. We are very happy to welcome the Fibermesh employees to our Sika team,” Christoph Ganz, regional manager, Americas, said.
Financial terms were not disclosed.