Sika Acquires Stake in Startup Concrete Company

Baar, Switzerand, November 28, 2023-Sika acquires a stake of 30% in Concria Oy, a Finnish startup company specializing in concrete floors. Concria has developed a new technology for concrete flooring, offering advantages to contractors, architects, and property owners. Sika’s global network and complementary product portfolio will provide a growth platform.

Concria has developed a technology that represents a novel approach to concrete floor installation and polishing. It includes special dry shake hardeners as well as a unique procedure and tools for grinding and polishing concrete floors. This technology enables a fast and efficient installment of highly decorative polished concrete floors featuring superior quality and durability properties.

Sika AG is a Swiss multinational specialty chemical company that supplies to the building sector and motor vehicle industry, headquartered in Baar, Switzerland. It owns Schönox, DriTac, Parex and provides a host of flooring technologies.