With this acquisition Sika expands its technology and market know-how and builds up a market position in polyurethane liquid membranes for roofing. In addition to liquid membranes, Iotech formulates produces and supplies hygienic wall coatings. This product range contributes to Sika’s market approach in clean room applications, e.g. for the food industry.
The liquid plastics division manufactures in a state-of-the art production facility in Middletown, CT. Sika will integrate liquid plastics into its construction products division.
Additionally, through its acquisition of Iotech, Sika has also acquired Incorez, a Connecticut-based manufacturer of specialized, high performance resins and polymers for the coatings and sealants industry. The Incorez product range has been exported across the world and includes waterborne polyurethane dispersions, waterborne polyurethane and acrylic hybrid dispersions, polyurethane prepolymers, waterborne epoxy curing agents and oxazolidines.
The last five years have seen tremendous growth for Incorez, with several new additions to the product portfolio including a range of NMP-free polyurethane dispersions, waterborne polyurethane and acrylic hybrid dispersions, and a water-based UV-curable polyurethane dispersion.