# Sika acquires Concrete Fibers business from Propex Holding

Sika acquired the global Concrete Fibers business from Propex Holding, including a plant in Chattanooga, Tennessee, and sales operations. The business generates annual sales of CHF 30 million.

- Type: Acquisition
- Announced: 2018-11-06
- Where: Chattanooga, Tennessee, United States
- Status: completed
- Capacity: 12,000 m2 production facility
- Products: synthetic fibers for concrete reinforcement (Fibermesh brand)
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Propex Holding](https://endata.com/companies/35340.md) (target)

## Sources

- [sika.com](https://www.sika.com/en/media/media-releases/archive/2018/sika-acquires-concrete-fiber-company-in-the-usa.html), 2018-11-06: "The acquired business is a perfect addition to Sika’s concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.