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Sika buys in Australia

1:34 PM MDT | July 29, 2013

Sika says it has acquired Radmix Resources (Carabooda, Australia) and its manufacturing partner Australian Synthetic Fibres (ASF). Financial details of the deal have not been disclosed. Radmix is a leading supplier of structural fibers for shotcrete in Australia’s mining industry, Sika says. Radmix and ASF generated total sales of 8 million Swiss francs ($8.5 million) in 2012. The structural fibers manufactured by Radmix are used for concrete reinforcement, in particular shotcrete. The mining industry is a growing market that uses a large number of Sika...

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