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AkzoNobel announced that it has received a binding offer for the purchase of its Building Adhesives business by Sika AG for €260 million. Building Adhesives generated annual revenues of €185 million in 2012.
The transaction, which is expected to be completed in the fourth quarter of this year subject to regular consultation with employee representatives, will see all of Building Adhesives’ approximately 550 employees as well as its two manufacturing facilities in Rosendahl and Damville and its products and brands transfer to Swiss-based Sika AG.
The intended sale of Building Adhesives follows a strategic review of the business’ fit within AkzoNobel’s portfolio.
AkzoNobel announces Gregoire Poux-Guillaume as new Chief Executive Officer
AkzoNobel has announced that Gregoire Poux-Guillaume will become the company’s new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end. Grego ... more
AkzoNobel launches Paint the Future startup challenge in India
Discovering creative solutions to improve the digital consumer experience is the focus of AkzoNobel’s 2022 Paint the Future regional startup challenge, which is all set to be launched in India. Startups are being invited to tap into the company’s broad knowledge and extensive expertise to h ... more
AkzoNobel recognized as a European Top Employer
AkzoNobel has been rated as a European Top Employer by the Top Employers Institute following the latest benchmark review. The company has been recognized in a total of eight countries, with five repeat certifications (Brazil, China, the Netherlands, the UK and the US) and three new titles ( ... more
AkzoNobel completes sale of building adhesives business to Sika
AkzoNobel has finalized the €260 million divestment of its Building Adhesives business to Sika AG. The deal was announced on August 8, 2013. Under the terms of the deal, all of Building Adhesives' approximately 550 employees have transferred to the new owners, along with the business' two m ... more
Sika acquires Duochem Inc. in Canada
Sika acquires Duochem Inc., a privately owned company that develops, manufactures and sells polymer flooring and waterproofing products for the construction industry. Duochem Inc. is located in Boucherville (Quebec) with annual sales of approximately CHF 9 million. Sika AG has through its ... more
Sika increased sales by 17.2% in local currencies in the first nine months of the year. The company witnessed double-digit growth in all regions apart from Europe South. The result for the third quarter was also pressured by continually rising raw material prices and currency effects. Sales ... more
SIKA Dr. Siebert und Kühn GmbH & Co. KG
Since 1901 Dr. Siebert & Kühn GmbH und Co.KG manufactures measurement and calibration equipment which is well known under the label SIKA. more
Sika AG, located in Baar, Switzerland, is a globally active company supplying the specialty chemicals markets. It is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction (buildings and infrastructure construct ... more
