SIKA ACQUIRES LEADING MANUFACTURERS OF WATERPROOFING MEMBRANES IN MEXICO AND INDIA
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Sika AG /
SIKA ACQUIRES LEADING MANUFACTURERS OF WATERPROOFING MEMBRANES IN MEXICO AND
INDIA
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The issuer is solely responsible for the content of this announcement.
Sika is acquiring JMTexsa, S.A. de C.V. of Mexico and Texsa India Ltd, two
leading manufacturers of waterproofing membranes. Sika has signed an agreement
to this effect with the French industrial group Soprema. The acquisitions
strengthen Sika's growth strategy and accelerate the expansion in emerging
markets. The companies being acquired generated annual sales of CHF 23 million
in 2012 and have 100 employees.
The companies being acquired by Sika - JMTexsa, S.A. de C.V. of Mexico und Texsa
India Ltd. - produce bituminous waterproofing membranes for the roofing market.
As the world market leader in thermoplastic membranes, Sika thereby gains market
access to the important roofing and waterproofing markets in Mexico and India.
The two factories - one in Altamira, Mexico, the other in Jaipur, India - will
reinforce Sika's regional supply chains and provide an excellent base from which
to develop and expand the markets in neighboring emerging economies.
Sika CEO Jan Jenisch: "These acquisitions enable us to further accelerate our
growth strategy in the emerging markets. We gain two established production
sites and obtain an excellent foundation for the development of the promising
Mexican and Indian markets."
Upcoming dates:
Monday, July 29, 2013: Shareholder letter, Half-year report 2013 (Please note:
Date is moved forward to the previous day)
Wednesday, October 30, 2013: Shareholder letter, Nine months 2013
Tuesday, January 14, 2014: Net sales 2013
Tuesday, March 4, 2014: Full-year results 2013; media conference/analyst
presentation
SIKA AG Zugerstrasse 50 CONTACT Dominik Slappnig
CH-6341 Baar, Corporate Communications & Investor
Switzerland TELEPHONE Relations
www.sika.com E-MAIL +41 58 436 68 21
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, façades). 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 80 countries and some 15 200 employees link customers directly
to Sika and guarantee the success of all partners. Sika generated annual sales
of CHF 4 829 million in 2012.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1716287/570503.pdf
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Source: Sika AG via Thomson Reuters ONE
[HUG#1716287]
Unternehmensinformation / Kurzprofil:
Datum: 15.07.2013 - 06:00 Uhr
Sprache: Deutsch
News-ID 278121
Anzahl Zeichen: 3829
contact information:
Town:
Baar
Kategorie:
Business News
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