SIKA CONTINUES ITS FAST GLOBAL EXPANSION IN MORTARS - ACQUISITION OF US PRODUCER BMI
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Sika AG /
SIKA CONTINUES ITS FAST GLOBAL EXPANSION IN MORTARS - ACQUISITION OF US PRODUCER
BMI
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Sika has agreed to acquire mortar producer BMI Products of Northern California
Inc., a US-based company active in production and sales of a full range of
mortar products and systems for the construction industry. The acquisition will
accelerate Sika's global expansion in the fast growing mortar business with an
extended new supply chain in the Western US. The BMI plant brings Sika's mortar
footprint to 76 factories worldwide.
BMI Products of Northern California provides an excellent production platform
and has developed a comprehensive range of mortar products and systems for the
construction industry. The company is located in the city of Milpitas,
California (San Francisco Bay Area) and, together with Sika's Santa Fe Springs
production facility near Los Angeles, provides strong access to the large and
fast-growing California construction market.
The acquisition of BMI perfectly compliments Sika's growth strategy in North
America and greatly strengthens its supply chain for mortar products sold
throughout the Western United States. It also provides Sika with a known brand
of specialty products, and an established customer base in the large California
market.
The acquisition represents a further step in the expansion of Sika's mortar
business. With 31% growth in 2014, mortar is Sika's strongest growing product
area as well as one of the key elements of the Strategy 2018.
Christoph Ganz, Head of region North America: "This acquisition is a further
acceleration of the implementation of our global mortar strategy. It provides
us with a solid production platform to further expand the mortars business in
the Western US. We are proud to welcome the new employees into the Sika team
and we are excited about growing our business together."
DATE February 27, 2015 CONTACT Dominik Slappnig
Corporate Communications &
SIKA AG Zugerstrasse 50 Investor Relations
6341 Baar, Switzerland TELEPHONE +41 58 436 68 21
www.sika.com E-MAIL slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and the motor vehicle
industry. Sika has subsidiaries in 90 countries around the world and
manufactures in over 160 factories. Its approximately 17,000 employees generated
annual sales of CHF 5.6 billion in 2014.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1898806/674413.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1898806]
Unternehmensinformation / Kurzprofil:
Datum: 02.03.2015 - 18:00 Uhr
Sprache: Deutsch
News-ID 375443
Anzahl Zeichen: 3810
contact information:
Town:
Baar
Kategorie:
Business News
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