On May 1, 2019, Sika officially completed the acquisition of King Packaged Materials Company, a large independent Canadian manufacturer of dry shotcrete, mortars and concrete solutions.
Duff & Phelps served as the exclusive M&A advisor to King Packaged Materials in connection with the transaction.
About King Packaged Materials
King Packaged Material is a family owned business and a well-established manufacturer of products for the construction and mining industry as well as for the home improvement distribution channel. The portfolio includes shotcrete solutions, grouts, and repair and masonry mortars. The company has an excellent reputation for its recognized brands, its high quality and reliable product solutions, and its strong technical sales expertise. King Packaged Material's head office is located in Oakville, Ontario, and it operates three large state‐of‐the art plants, located in Boisbriand, Quebec, Brantford, Ontario, and Sudbury, Ontario. King Packaged Material has annual sales of CDN $81 million and a workforce of 180 employees. Cassels, Brock & Blackwell, LLP acted as the legal counsel for King Packaged Materials.
About Sika Group
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 200 factories. Its more than 18,000 employees generated annual sales of CHF 6.25 billion in 2017.