WASHINGTON (dpa-AFX) - Sika AG (SXYAY.PK, SKFOF.PK), a Swiss chemicals firm, said on Thursday that it has acquired Thiessen Team USA Inc., a maker of shotcrete and grouting products for the mining industry.
The financial terms of the transaction are not known.
Christoph Ganz, Regional Manager Americas, said: 'The acquisition of Thiessen supports our expansion in the exciting mining business in the USA and provides Sika with a wider presence in mining across the Americas region. The offerings of Sika and Thiessen are highly complementary and open up significant cross-selling potential with new and existing mining customers.'
Thiessen, a family owned business, serves the Western U.S. mining industry which produces essential minerals for the growing electric vehicle industry among many other critical minerals.
Sika already has a strong presence in the mining industry in Latin America and Canada.
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