Sika Strengthens U.S. Market Position with Full Acquisition of HPS North America
Sika Strengthens U.S. Market Position with Full Acquisition of HPS North America

Sika Strengthens U.S. Market Position with Full Acquisition of HPS North America

  • 05-Mar-2025 11:30 PM
  • Journalist: Timothy Greene

Sika has taken a significant step in expanding its presence in the U.S. building finishing market by fully acquiring HPS North America, Inc., a key supplier of high-performance building finishing materials. HPS has been responsible for distributing Schönox-branded products, which are manufactured by Sika Germany, and has successfully developed its business in recent years, achieving notable growth in both sales and profitability. The full integration of HPS into Sika USA will establish a robust platform for further expansion in the building finishing segment while delivering significant efficiency gains in logistics and production.

HPS specializes in self-leveling and waterproofing solutions, which are primarily used in flooring applications. These products are distributed through a well-established network of partners across the U.S., making HPS an important player in the sector. By bringing HPS fully under its ownership, Sika will be able to leverage its resources to enhance market penetration and optimize operations. The acquisition aligns with Sika’s long-term strategy of strengthening its position in the building finishing segment, a focus area that has grown since the company’s acquisition of Parex.

Prior to this acquisition, Sika held a minority stake in HPS. By now securing full ownership, Sika can unlock new cross-selling opportunities in the flooring industry and enhance its supply chain efficiencies. This move allows the company to better integrate HPS’s product portfolio with its existing offerings, further solidifying its leadership in the U.S. construction and flooring markets.

Mike Campion, Regional Manager Americas, highlighted the strategic importance of the acquisition, stating, “With the integration of HPS into our U.S. organization, we are in a strong position to accelerate the development of our business relationships and distribution networks in the building finishing sector. We look forward to combining our sales and marketing expertise to deliver even greater value to our customers. Additionally, we are excited to welcome the HPS team into the Sika family.”

By consolidating HPS under the Sika umbrella, the company aims to create new growth opportunities while improving operational efficiencies. This acquisition strengthens Sika’s ability to meet the increasing demand for high-quality building finishing solutions in the U.S. market. It also reinforces the company’s commitment to expanding its product offerings and enhancing customer service through a more streamlined and integrated approach. With a strong foundation in place, Sika is poised for continued success in the evolving construction industry.

Sika is a global leader in specialty chemicals, specializing in the development and production of advanced systems and solutions for bonding, sealing, damping, reinforcing, and protection within the construction and industrial manufacturing sectors. Operating in 102 countries, Sika runs over 400 factories worldwide, delivering innovative technologies that support customers across various industries. The company plays a vital role in driving the transformation of the construction and transportation sectors toward greater sustainability. With a workforce of more than 34,000 employees, Sika achieved sales of CHF 11.76 billion in 2024.

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