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Adds HPS North America, Inc., a supplier of building finishing materials, including Schönox branded products manufactured by Sika Germany.
March 5, 2025
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sika has fully acquired HPS North America, Inc., a successful supplier of building finishing materials. HPS distributes Schönox branded products, manufactured by Germany, in the US market. Fully integrating this business into Sika USA will create a strong platform for further expansion in the building finishing segment and lead to efficiency gains. HPS has successfully developed the business over the past years, significantly growing both sales and profitability. The products, which include self-leveling and waterproofing solutions, are sold via a well-established network of distribution partners and are mainly used in flooring applications. Since the acquisition of Parex, Sika has continuously increased its presence in the building finishing segment in the US. By acquiring HPS, Sika will further expand its position in this growing market segment. Previously, Sika has held a minority stake in the company and is now acquiring the remaining stake. Fully consolidating this business under the Sika ownership will provide exciting cross-selling opportunities in the flooring Industry and bring significant efficiency gains in logistics and production. “With the integration of the HPS business into our US organization, we will be able to go full speed ahead in developing our business relationships and distribution networks in the building finishing area,” said Mike Campion, regional manager Americas. “We are looking forward to combining our sales and marketing expertise to best serve our customers and warmly welcome the HPS employees to our Sika team.”
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