Sika acquires Thiessen Team USA
Thiessen is a family owned business serving the mining industry in the Western region of the USA with shotcrete and grouting solutions. The company operates two production facilities which are strategically located close to large mines in the western US, which among other excavate materials essential for the production of batteries. With the expanded investments in manufacturing of electric vehicles in the USA, demand for these critical minerals is expected to significantly increase going forward.
Improved access to US mining projects
Sika’s unique technology for cement-free concrete which is already used for backfilling of shafts in the world’s largest iron ore mine in Sweden will now be rolled out in the entire Americas region. Sika already has a strong presence in the mining industry in Latin America and Canada, which was significantly expanded through the acquisition of King Packaged Materials Company in 2019. The acquisition of Thiessen is intended to improve access to US mining projects in a similar way. Sika products such as structural fibers, shotcrete accelerators, and backfilling solutions will complement Thiessen’s offering and further support market penetration.