Page 14 - Mar-Apr2019

Industry NEWS

sika acquires king packaged
materials company

Sika has agreed to acquire King Packaged
Materials Company, a large independent
Canadian manufacturer of dry shotcrete,
mortars and concrete solutions. With
the acquisition, Sika will further expand
its geographical footprint in Canada and
improve its growth potential in the home
improvement, construction and mining and
tunneling markets. The acquired business
generates annual sales of CHF 61 million
(CAD 81 million) with a workforce of 180
employees.
King is a family owned business and a
well established manufacturer of products
for the construction and mining industry
as well as for the home improvement
distribution channel. The portfolio includes
From (L-R): Dealer-Owners Chad Zacharias, Lance Zacharias and Wyatt Zacharias at the store’s shotcrete solutions, grouts, and repair and
soft opening on March 28, 2019. masonry mortars.
The company has an excellent
“This year’s Best Managed winners are Owner, Zak’s Home Hardware Building reputation for its recognized brands, its
a testament to the success found when Centre Warman. “We are thrilled about the high quality and reliable product solutions,
businesses invest in talent, innovate opportunity to service the needs of the and its strong technical sales expertise.
intentionally, and think long-term,” said local community with quality products and King operates three large state-of-the-
Peter Brown, Partner, Deloitte Private and Co- services.” art plants, one located in Boisbriand
Leader, Canada’s Best Managed Companies Zak’s Home Hardware Building Centre (QC), close to Montreal, one in Brantford
program. “These companies should be proud Warman showcases an impressive retail (ON), near Toronto, which are the most
of this achievement and their responsibility area space of 21,500 sq. ft. and offers a populated regions in Canada with dynamic
in acting as role models for other Canadian wide selection of inventory. The store will construction activities and the third one (
businesses.” also feature a drive-thru lumber yard for in the heart of Ontario’s mining country) in
2019 winners of the Canada’s Best contractors and consumers. Sudbury.
Managed Companies award will be honoured “We have been servicing the LBM needs Christoph Ganz, Regional Manager
at the annual Canada’s Best Managed of customers from our Hague, Saskatchewan Americas: “With the acquisition of King
Companies gala in Toronto on April 17, location for over 23 years,” said Lance and its broad and highly complementary
2019. On the same date, the Best Managed Zacharias. “It seemed like a great fit to product offering, we will further strengthen
symposium will address leading-edge operate a new location in Warman to provide our presence in Canada and open up
business issues that are key to the success of better access to hardware, gardening and exciting new cross-selling opportunities.
today’s business leaders. household products to the local community.” Especially in the home improvement market
The Best Managed program is sponsored Chad, Lance and Wyatt Zacharias have and in the growing tunneling and mining
by Deloitte Private, CIBC, Canadian Business, over 20 years of combined experience in market segments, the acquisition of King
Smith School of Business, and TMX Group. the home improvement industry. With their Packaged Materials will make Sika Canada
construction background, the Zacharias one of the leading suppliers of concrete
Impressive New Store Opening brothers are able to offer, not only products, solutions. We look forward to a successful
Zak’s Home Hardware Building Centre but turnkey solutions. Based on their wealth joint future and would like to extend a very
Warman showcased its remarkable store of experience, they are ready to offer a warm welcome to all King employees as
opening in Warman, Saskatchewan in March. unique customer experience. they join the Sika team.”
The new development was opened by Dealer- Zak’s Home Hardware Building Centre Richard Aubertin, President of Sika
Owners Chad Zacharias, Lance Zacharias and Warman is a division of Zak’s Group of Canada Inc.: “The acquisition of King
Wyatt Zacharias. Companies. The official Grand Opening will Packaged Materials will improve our
“It’s been a successful soft opening – we be held May 9-12, 2019. The store is located presence and penetration on several
had a full parking lot and customers lined at 380 Stonegate, 930 Centennial Blvd. market segments thanks to an increased
up at the door who were ready to start Warman, Saskatchewan S0K4S1. production capacity of cement-based
shopping,” said Wyatt Zacharias, Dealer- materials in Central and Eastern Canada.

14 LBMAO Reporter - March-April 2019 www.lbmao.on.ca