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NEW JERSEY, 11 July 2023: Sika, a specialty chemicals company, has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry. The acquisition will open up significant cross-selling potential and support Sika’s expansion in the US mining market.
Thiessen is a family-owned business serving the mining industry in the Western region of the USA with shotcrete and grouting solutions that enable increased efficiency in mining operations. The company has long-established, strong relationships with large mining customers and has built a reputation for excellent quality, hands-on technical support, and fast reaction times.
The acquisition of Thiessen is a strategic move for Sika as it expands its presence in the US mining market. Thiessen’s strong relationships with mining customers and its reputation for quality products and services will complement Sika’s existing offering. The acquisition will also give Sika access to Thiessen’s two production facilities, which are strategically located close to large mines in the western US.
The demand for critical minerals, such as those used in the production of batteries, is expected to significantly increase in the coming years. Thiessen’s operations in the Western US are well-positioned to benefit from this growth, as the region is home to a number of mines that produce these minerals.
The acquisition of Thiessen is also a sign of Sika’s commitment to sustainability. Thiessen’s operations are already aligned with Sika’s sustainability goals, and the two companies will work together to develop even more sustainable solutions for the mining industry.
In summary, the acquisition of Thiessen Team USA is a strategic move for Sika that will help the company expand its presence in the US mining market and meet the growing demand for critical minerals. The acquisition is also a sign of Sika’s commitment to sustainability.
Key Takeaways
- Sika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry.
- The acquisition will open up significant cross-selling potential and support Sika’s expansion in the US mining market.
- Thiessen is a family owned business with a strong reputation for quality products and services.
- The acquisition will give Sika access to Thiessen’s two production facilities, which are strategically located close to large mines in the western US.
- The demand for critical minerals, such as those used in the production of batteries, is expected to significantly increase in the coming years. Thiessen’s operations in the Western US are well-positioned to benefit from this growth.
- The acquisition of Thiessen is also a sign of Sika’s commitment to sustainability.
