SIKA ACQUIRES CONSTRUCTION TECHNOLOGIES AUSTRALIA
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Sika AG /
SIKA ACQUIRES CONSTRUCTION TECHNOLOGIES AUSTRALIA
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Sika has agreed to acquire Construction Technologies Australia Pty Ltd (CTA),
one of the leading suppliers of tile adhesives and associated mortar products
in Australia. CTA generated sales of CHF 22 million in 2014 and has 51
employees. The CTA plants bring Sika's mortar footprint to 79 factories
worldwide.
Over the past couple of years CTA has experienced dynamic growth and has
established itself as a key supplier to pro dealers with a wide product range
comprising tile adhesives and associated mortar solutions.
By acquiring CTA, Sika will extend its manufacturing footprint and considerably
leverage its core technology powders/mortars to become a leading supplier in
Australia of surface preparation, adhesive and waterproofing products for tiling
applications. Furthermore, the CTA range of products will give Sika the
opportunity to increase its business in new and existing distribution channels
and will provide excellent cross selling opportunities. Distribution of CTA's
products in New Zealand will transfer to Sika (NZ) Ltd. Managing Director Troy
Hogan, and other key members of the CTA team, will stay on with Sika to drive
the continued success of the business.
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.
Heinz Gisel, Head of region Asia/Pacific: "With the acquisition of CTA we will
expand and complement our mortar range in Australia as well as gain access to
new market channels. We welcome the new employees on board and look forward to
developing the business together."
DATE March 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/1906726/678953.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1906726]
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 381577
Anzahl Zeichen: 3673
contact information:
Town:
Baar
Kategorie:
Business News
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