Wacker Sold Curtain Wall Bonding and Sealant Business to Sika
WACKER SILICONES sold its curtain wall bonding and sealant business to Sika AG of Baar, Switzerland, thus completing a general agreement to this effect signed in November 2003. As announced late last year, Sika has now acquired the exclusive rights to WACKER SILICONES' ELASTOSIL® IG, ELASTOSIL® SG and VENTOTEC® product lines, which will be integrated into Sika's organization as "FACADE SYSTEMS". The partners have agreed not to disclose the purchase price.
WACKER SILICONES and Sika are both convinced the new arrangement will provide even better growth perspectives for these silicone sealants. ELASTOSIL® silicone sealants are specially developed for challenging applications in glass, metal and natural stone curtain walls. They include silicone weatherseals, products for structural glazing and sealants for double glazing units. The product range is rounded off with VENTOTEC® accessories. WACKER SILICONES developed these products - and marketed them very successfully - on the basis of its technical leadership in silicones. Sika is a world leader in polyurethane-based curtain wall technology (Sikaflex®), with a well-developed marketing organization serving end customers. Its product range did not previously include silicone products. After completion of the transaction, customers will be able to purchase the full range of facade adhesives from a single supplier - Sika.
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