Sika Acquires Automotive Glass Replacement Adhesive Systems Business
(Thomson Reuters ONE) -
Sika AG / Sika Acquires Automotive Glass Replacement Adhesive Systems Business processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Sika AG announces that its U.S. subsidiary, Sika Corporation, has acquired the
automotive glass replacement business of ADCO Products, Inc. ("ADCO"). The
transaction closed on March 8, 2010. The business acquired reaches an annual
turnover of approximately US$ 6-7 million and will be integrated into Sika's
Aftermarket Business Unit in the United States and its Industry Division in
Canada and Latin America.
As part of the transaction, Sika acquired the rights to the "Titan" brand name
of auto glass adhesives. Also, 4 employee sales representatives from ADCO's AGR
(Automotive Glass Replacement) division are expected to join Sika's existing 21
person sales force which is currently the largest sales force in the US AGR
Market.
Sika Corporation is based in Lyndhurst, New Jersey.
-END-
Sika AG Contact: Rainer Weihofen,
Zugerstrasse 50 Corporate Communications & Investor
CH-6341 Baar, Switzerland Relations
www.sika.com
Fax: +41 58 436 68 50
weihofen.rainer(at)ch.sika.com
Sika AG Corporate Profile
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 construction) and in industry
(vehicle, building component and equipment production).
Sika's product lines feature high-quality concrete admixtures, specialty
mortars, sealants and adhesives, damping and reinforcing materials, structural
strengthening systems, industrial flooring as well as roofing and waterproofing
systems. Subsidiaries in more than 70 countries worldwide and approximately
12 000 employees link customers directly to Sika and ensure the success of all
our partners. Sika achieves annual sales of CHF 4.2 billion. Visit our website
at www.sika.com
The media release can be downloaded from the following link:
[HUG#1392257]
--- End of Message ---
Sika AG
Zugerstrasse 50 Baar null
WKN: 858573;ISIN: CH0000587979;
Media Release: http://hugin.info/100359/R/1392257/349861.pdf
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Datum: 09.03.2010 - 12:02 Uhr
Sprache: Deutsch
News-ID 1011107
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