Sika reinforces position in Latin America by acquiring market leader in Paraguay
(Thomson Reuters ONE) -
Sika AG /
Sika reinforces position in Latin America by acquiring market leader in Paraguay
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Sika has agreed to acquire Inatec SRL in Paraguay. Inatec, a privately owned
company with a strong position in the construction chemicals market, is located
in Asunción with annual sales of CHF 7 million.
Sika AG has agreed to acquire 100% of Inatec SRL, the market leader in Paraguay
in the area of construction chemicals. Inatec, founded in 1982, has a strong
position in the refurbishment, waterproofing and concrete admixtures market. The
company has manufacturing facilities in Asunción, the capital city of Paraguay.
Paraguay is a new country for Sika and completes its already strong position in
Latin America. With Inatec, Sika will gain a leading position in the Paraguayan
market and will benefit from the strong growth in the construction industry of
Paraguay. Sika will take part in this development and further leverage Inatec's
sales channels with Sika's product range.
With this acquisition, Sika continues its successful strategy of investing in
the emerging markets. As Jan Jenisch, CEO of Sika puts it: "We welcome Inatec
into the Sika family and establish a new organization in Paraguay to benefit
from the strong growth in this market. We are very excited to add another
milestone in our Latin American strategy."
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com slappnig.dominik(at)ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry as well as
manufacturing industries (automotive, bus, truck, rail, alternative energies,
building components). Sika is a leader in processing materials used in sealing,
bonding, damping, reinforcing and protecting load-bearing structures. 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. Worldwide local presence in 76 countries and some 15,300 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generates annual sales of CHF 4.556 billion. Visit our website at www.sika.com.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1664458/539933.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sika AG via Thomson Reuters ONE
[HUG#1664458]
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 212351
Anzahl Zeichen: 3531
contact information:
Town:
Baar
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 145 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Sika reinforces position in Latin America by acquiring market leader in Paraguay"
steht unter der journalistisch-redaktionellen Verantwortung von
Sika AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
