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Sika has made an offer for the Building Adhesives Business of Akzonobel

Post Time:Aug 09,2013Classify:Industry NewsView:54

Sika has made a binding offer of CHF 320 million to acquire the Building Adhesives Business of the Dutch company AkzoNobel. With annual sales of CHF 228 million, AkzoNobel Building Adhesives is a top-three player in its core European markets and employs 550 people.  

With this acquisition, Sika will increase its product offering for interior finishing in the Flooring, Sealing & Bonding and Refurbishment markets. The transaction is expected to be completed in the fourth quarter of 2013.

The Building Adhesives Business of AkzoNobel has a strong focus on the premium segment through its leading brands Schönox, Cégécol, Casco, Synteko and EriKeeper. With two production sites in Germany and France and a pan-European distribution network with nine distribution centers, it supplies its customers with successful and highly innovative products.

Source: http://www.glassonweb.com/news/index/19838/Author:

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