Sika Acquires DriTac

Sika recently announced it has acquired DriTac, a U.S.-based floor covering adhesives company. According to Sika, the acquisition will contribute to its increased presence among floor covering installers and distributors while accelerating its expansion in the interior finishing market in the U.S. In 2020, the acquired business generated sales of CHF 20 million (approximately $21.2 million).

Sika reports that the DriTac acquisition strengthens its growth platform for interior finishing in the U.S. with large potential for cross-selling of Sika's other complementary products, including moisture-mitigation materials, surface preparation, and self-leveling underlayment mortars, as well as tile setting materials. The DriTac product range, which includes polyurethane, modified silicone, and water-based technologies, will further enhance Sika's system solutions for floor covering applications and give customers access to a large, full-range portfolio.