The acquired company has successfully developed the business over the past few years, significantly growing both sales and profitability. Since the acquisition of Parex, The Swiss company has continuously increased its presence in the building finishing segment in the USA. By acquiring HPS, the enterprise will further expand its position in this growing market segment. Until today, Sika has held a minority participation in the company and is now acquiring the remaining stake. Fully consolidating this business under Sika ownership will provide exciting cross-selling opportunities in the flooring Industry and bring significant efficiency gains in logistics and production.