Sika Acquires Incorez
By Sika Group
Sika AG, through its acquisition of Iotech Group Limited, 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/acrylic hybrid dispersions, polyurethane prepolymers, waterborne epoxy curing agents and oxazolidines. The company was part of the Iotech Group Limited, with headquarters in England and subsidiaries in the USA and Belgium. Already a global leader in construction chemicals including adhesives and sealants, concrete admixtures, polymer flooring and wall systems, repair and strengthening products, Sika expects that this acquisition will further strengthen its leading technology position in coatings, membranes and sealants for construction applications.
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/acrylic hybrid dispersions, and a waterbased UV-curable polyurethane dispersion. These unique technologies, combined with Sika’s broad offering of products, sales and support services, will enable Sika to offer even greater value to its customers in North America.
The parties have agreed not to disclose the sale price.
About the Author
Sika Group, located in Baar, Switzerland, is a globally active company supplying the specialty chemicals markets. For more information visit their website at www.sika.com.