Sika Expands With Minority Investment in Schönox HPS North America

Sika Corporation has made a minority investment in Schönox HPS North America.

The partnership is designed in part to accelerate Sika’s growth in the U.S. floor covering market. It will also position Schönox as Sika’s premium brand in the repair, self-leveling and overall floor-prep category.

Sika, which is headquartered in Baar, Switzerland, began ramping up its U.S. expansion efforts in 2021 with its purchase of DriTac Flooring Products. It has subsidiaries in 101 countries and annual sales of $9.81 billion.