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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 ...


AkzoNobel to divest Building Adhesives business to Sika


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 ...


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 ...


Sika AG: Still growing strong


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 In ...


Sika: New Regional Manager Asia/Pacific


Sika has appointed Heinz Gisel as new Regional Manager Asia/Pacific with effect from January 1, 2012. Gisel will join Sika's Group Management as of the same date. The 46-year-old Swiss has worked for Sika for twenty years. Since 2009 he has been General Manager responsible for China.The Board of ...


Sika: 19.5% growth in local currencies


Sika posted a 6.6% increase in sales in the first half of 2011, achieving net sales of CHF 2 231.5 million. In local currencies, Sika lifted sales by 19.5%. The currency effect for the first half-year stood at -12.9%. Margins were squeezed by the rising raw material prices.In terms of local ...


Sika strengthens position in European distribution business


Sika AG has acquired Technokolla. The Northern Italy-based company generated sales of around CHF 37 million in 2010. Sika expects the acquisition to expand its market position in Italy.Based in the northern Italian town of Sassuolo, Technokolla is a subsidiary of the privately owned Fincea Group, ...


Sika acquires contract manufacturer in Switzerland


Sika AG is acquiring Romanshorn-based plastic products manufacturer Biro Edwin Bischof AG. Biro produces injection-moulded parts for the European automotive industry on behalf of customers including Sika. The company generated sales of CHF 35 million in 2010 and employs approximately 150 ...


Sika decides on successors for current chairman Walter Grüebler


The Board of Directors of Sika AG has elected Paul Hälg to succeed current Chairman Walter Grüebler. Paul Hälg will assume office following the next Annual General Meeting on April 17, 2012. Jan Jenisch has been appointed new CEO of Sika AG. Jan Jenisch, who is to take up his new position on ...


Sika expands its concrete admixtures business in Northern China


Sika AG announced that its Chinese subsidiary, Sika (China) Ltd., has agreed to acquire a majority stake in Hebei Jiuqiang Construction Material Co., Ltd., a supplier of powder concrete admixtures located in Northern China.Hebei Jiuqiang Construction Material Co., Ltd. has 300 employees and 2010 ...


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