TMT America has completed the sale of its ownership interest in Schönox HPS North America, Inc., to Sika Corporation, concluding a successful 14-year venture that established Schönox as a prominent brand in the U.S. flooring industry.

Thomas Trissl, president of TMT America, reflected on the milestone achievement: "We promised Schönox GmbH in Germany that we would make the Schönox brand top-of-mind and trusted by flooring professionals, readily available from coast to coast, and supported by an outstanding technical and logistics team. Having reached these critical milestones and with an infrastructure positioned for growth firmly in place, it was the optimal time to transition the business to Sika."

While acknowledging the emotional aspect of the decision, Trissl expressed confidence in the timing: "As an entrepreneur, you never want to let go of a brand you've developed, but this is the right time for the growth of Schönox, our customers, and my colleagues."

Since the acquisition of Parex in 2019, Sika has continuously increased its presence in the building finishing segment in the USA. By acquiring HPS, Sika will further expand its position in this growing market segment. 

Mike Campion, Sika's regional manager Americas, emphasized the strategic importance of the acquisition: "With the integration of the HPS business into our U.S. organization, we will be able to go full speed ahead in developing our business relationships and distribution networks in the building finishing area. We are looking forward to combining our sales and marketing expertise to best serve our customers and warmly welcome the HPS employees to our Sika team."

Key TMT America executives will remain involved during a transition period, working with Sika management for several months.