Sika AG (Baar, Switzerland; www.sika.com) has agreed to acquire LCS Optiroc Pte Ltd. in Singapore and LCS Optiroc SDN. BHD in Malaysia. Both acquired companies are manufacturers of cementitious powder products. Founded by Kim Hong Lim and Choong Fee Chong, LCS Optiroc, the company’s product offerings include grouts, mortars, floor screeds, tile adhesives and renders for interior and exterior finishing in the refurbishment and flooring target markets.
Sika is acquiring two established factories in Singapore and in Malaysia, which will reinforce the regional supply chain. The acquisition will enable Sika to take a step forward in the Singapore construction market, significantly increasing sales volume and gaining a local manufacturing base. With the new site in Malaysia, Sika will strengthen its presence in the southern part of the country. In addition to further strengthening Sika’s market position in Malaysia and Singapore, the acquisition will also provide a base for expansion into the cementitious powder products market in the Asia/Pacific region.