Sika wants to grow in the American mining sector
The building materials manufacturer Sika acquires Thiessen Team USA. The company specialises in the production of shotcrete and mortar products for the mining sector. Sika sees great potential there for its technology for cement-free concrete production.
Sika is acquiring Thiessen Team USA, based in Elko in the US state of Nevada. With this acquisition, the Zug-based building materials manufacturer intends to grow in the American mining sector, according to a media release.
Thiessen Team USA specialises in shotcrete and mortar solutions for the mining sector and operates two factories near large mines in the western USA. Important raw materials for the production of batteries for electric vehicles are also extracted there. Sika expects demand for these raw materials to rise due to increasing investment in electromobility.
Furthermore, Sika also sees great potential for its own solutions due to the growing demands on the sustainability of mining. The Sika technology for the production of cement-free concrete is highlighted. It is already being used for shaft filling in the world’s largest iron ore mine in Sweden and is now to be introduced in the USA.
“The acquisition of Thiessen supports our expansion in the exciting mining business in the US and gives Sika a greater presence in this sector throughout the Americas,” said Christoph Ganz, regional director Americas at Sika. In addition, the acquisition will “offer significant cross-selling potential”, the statement said.