Building chemical manufacturer Sika has acquired Everbuild Building Products Ltd, the independent manufacturer of sealants, adhesives and construction chemicals.
Leeds-based Everbuild has annual sales of £60 million and a workforce of 270.
Everbuild, founded in 1994 by David Seymour, will operate as a subsidiary of Sika UK and will be managed under the existing management team. Seymour will stay with the company to drive the continued success of the business and ensure a smooth transition.
He said: “With Sika we have the possibility to further grow our business and to benefit from the broad R&D capabilities for further product innovation”.
The acquisition will strengthen Sika‘s position in the construction chemical market and in the distribution and DIY channels.
Jan Jenisch, CEO of Sika said: “We are very proud to welcome the successful team of Everbuild in the Sika Family. 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.”
Sika UK is based in Welwyn Garden City and has facilities in Preston and Norwich.