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Sika has agreed to acquire LCS Optiroc Pte Ltd in Singapore and LCS Optiroc SDN BHD in Malaysia, a leading manufacturer of cementitious powder products. The business generated annual sales of CHF24M in the last financial year. With the acquisitions of AkzoNobel’s Building Adhesives and Everbuild Building Products last year, as well as Technokolla in 2011, this take-over strengthens Sika’s offerings in powder products and in the interior finishing sector.
Founded by Kim Hong Lim and Choong Fee Chong, LCS Optiroc has achieved a leading position in the Singapore cementitious powder products market. The company has a strong product offering, which includes grouts, mortars, floor screeds, tile adhesives and renders for interior and exterior finishing in the refurbishment and flooring target markets.
