- Sika Expands its Concrete Refurbishment Capabilities with Kwik Bond Polymers Acquisition
- The Move Enhances Sika’s Position in US Infrastructure Refurbishment
Baar, Switzerland — Sika, a global leader in construction solutions, Wednesday announced the strategic acquisition of US company Kwik Bond Polymers (KBP), renowned for its high-performance polymer systems in concrete refurbishment needed for bridge deck enforcement.
This acquisition strengthens Sika’s position in the refurbishment of critical infrastructure, especially bridge decks, across the United States. For over three decades, KBP has been pivotal in the restoration of significant infrastructure projects, boasting a remarkable track record in the field, Sika said.
These technologies are crucial in extending the life of construction projects, significantly contributing to reducing the overall carbon footprint in the construction industry. With its head office and manufacturing facilities located near San Francisco, California, and additional production and storage near Pittsburgh, Pennsylvania, KBP is strategically positioned to efficiently serve a broad customer base.
The KBP acquisition comes at a critical time when US infrastructure faces unprecedented challenges due to years of under-investment and lack of maintenance. The recent approval of a USD 1.2 trillion infrastructure bill, set to fund critical upgrades over the next decade, highlights the growing demand for robust refurbishment solutions. Bridge deck restoration, in particular, is expected to command a significant portion of this investment, encompassing roads, bridges, rail systems, and transportation safety categories.
Sika AGM Approves CHF3.30 Dividend