KPM has a reputation for its strong technical sales expertise, its reliable and high quality product solutions as well as well recognized brands
Reports confirm that specialty chemical firm, Sika AG, has recently agreed to acquire King Packaged Materials (KPM) Company, an Ontario, Canada based producer of concrete repair systems. Apparently, Sika would be further expanding its geographical footprint in Canada with this acquisition, along with improving its growth potential in tunneling, mining, construction and home improvement markets.
Further from the reports, this acquired business produces CHF 61 million in annual sales with a workforce of around 180 employees. The transaction is expected to close by the second quarter of 2019.
Being a family owned business, KPM is evidently an established manufacturer of products for the mining and construction industry, and for home improvement distribution channel. Their portfolio includes repair and masonry mortars, grouts and shotcrete solutions.
Apparently, KPM has a superb reputation for its strong technical sales expertise, its reliable and high quality product solutions, and its recognized brands. The company operates three large state-of-the-art plants, one of which is situated close to the mining industry, in Sudbury, Northern Ontario. The rest two plants are located at Brantford, Ontario, near Toronto, and at Boisbriand, Quebec, close to Montreal.
Regional Manager Americas for Sika AG, Christoph Ganz, mentioned that the company would further enhance its presence in Canada with the help of this acquisition of King and its highly complementary and broad product offering, along with opening up new and promising cross-selling opportunities.
Ganz further said that this acquisition would place Sika amongst the leading suppliers of concrete solutions in Canada, especially in the growing mining and tunneling market and in the home improvement market segments.
Purportedly, the Hutter and Macpherson families, owners of KPM company, have a firm belief that Sika would be the partner for continuing the growth of all KPM products in their market sectors. The owners look forward towards a joint business and sales activity that would offer huge potential for expanding the product portfolio locally and globally.