SIKA ACQUIRES ADDIMENT ITALIA FROM BUZZI UNICEM
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Sika AG /
SIKA ACQUIRES ADDIMENT ITALIA FROM BUZZI UNICEM
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Sika AG acquired the remaining shares of the Italian based Addiment Italia from
its joint venture partner Buzzi Unicem. The company is active in the production
and sale of concrete admixtures and cement grinding aids. The transaction will
strengthen Sika's production set up in Italy and increase its market presence.
Addiment Italia generated sales of EUR 14 million in 2014.
Addiment Italia has a history of over 25 years of experience in the construction
market offering a broad range of concrete admixtures and cement grinding aids.
In 2003 Buzzi Unicem and Sika AG formed a joint venture in order to produce an
innovative range of construction chemicals that enhance the quality and
performance of concrete and cement.
Pietro Buzzi, co-CEO of Buzzi Unicem: " The cooperation between Buzzi Unicem and
Sika as joint venture partners of Addiment Italia has continued effectively for
more than twelve years, with good understanding of the common goals and
management decisions that led to great results for both employees and
shareholders. We hope that our future business relationship will continue with
the same long lasting success."
Paul Schuler, Head of region EMEA: "The acquisition will allow us to further
build upon the successful partnership between Buzzi Unicem and Sika in the
admixture business worldwide and strengthen the operational footprint in Italy.
We welcome the new employees on board and look forward to developing the
business together."
DATE July 1, 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 91 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/1933084/695710.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1933084]
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