After 14 years of leading Schönox HPS North America, TMT America has sold the company to Sika Corp. Financial terms of the transaction were not disclosed.
“We promised Schönox GmbH in Germany 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,” commented Thomas Trissl, TMT America president. “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.”
“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,” explained Trissl. “I look fondly back on these 14 years and extend my heartfelt thanks and gratitude to the extraordinary Schönox team, our distributors who are partners and friends, and to the flooring professionals who risked giving Schönox a try and now trust its quality each day on every project across the U.S.”
Key executives with TMT America will work with Sika management in a transition phase for the next several months, according to Trissl, adding, “TMT America will soon move into a planning phase, considering what’s next as we have no intention of slowing our momentum.”
