Sika takes over the market leader for green roofs in the USA
The specialty chemicals group Sika buys the North American Hydrotech and its Canadian subsidiary. With the takeover of the market leader for green roofs, Sika is expanding its range of roof systems and building waterproofing.
Sika is developing into number one for green roofs in North America: The producer of construction chemical product systems and industrial sealants and adhesives takes over the Chicago-based American Hydrotech Inc. and its Canadian subsidiary Hydrotech Membrane Corporation , based in Ville d'Anjou in the province of Quebec.
According to a press release from Sika, the company is the “clear market leader” for green roofs as an “established and recognized manufacturer of liquid membranes”. Hydrotech also has a strong market position when it comes to waterproofing the roofs and foundations of shopping centers. In 2020, the company achieved sales of CHF 83 million.
“With the takeover, we will become the clear market leader in the rapidly growing application areas of green roofs and building waterproofing,” says Christoph Ganz, Sika's regional manager for the Americas. The fact that Hydrotech offers long-lasting products made with 40 percent recyclates “fits perfectly with Sika's sustainability strategy and strengthens our position in large cities, where green roofs are becoming increasingly important”.