Swiss-based Sika Corporation acquired global Concrete Fibers based in Chattanooga, Tennessee. The company, owned by from Propex Holdings, includes a United States plant manufacturing synthetic fibers for use in concrete reinforcement.

According to Sika officials, the acquired business is a perfect addition to Sika's concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquisition of the Concrete Fibers business is a further step in Sika's expansion in fibers, following the acquisitions of Radmix, Australia, and FRC Industries, USA, as well as the opening of a fiber production line in Germany.

Christoph Ganz, Regional Manager Americas, stated "The acquisition of the global Concrete Fibers business of Propex and the Fibermesh brand is a great fit with Sika's current portfolio. It brings even greater value to existing and new Sika customers within the ready-mix and precast concrete market. The Fibermesh brand is the industry standard for quality and performance. As part of Sika, we see enormous growth opportunities for Fibermesh, especially in our solutions for construction in big city environments and for our Tunneling & Mining business. We are very happy to welcome the Fibermesh employees to our Sika team."

Sika officials said the acquired business brings the well-established Fibermesh brand and industry-leading technical expertise. Combined with Sika's existing global fiber portfolio and concrete admixture product range, this will further expand Sika's offering to concrete customers worldwide. Furthermore, production facility creates significant additional capacity for both micro and macro synthetic fibers to support Sika's growth going forward, particularly in the region Americas.