Sika acquires contract manufacturer in Switzerland
(Thomson Reuters ONE) -
Sika AG /
Sika acquires contract manufacturer in Switzerland
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The issuer is solely responsible for the content of this announcement.
Sika AG is acquiring Romanshorn-based plastic products manufacturer Biro Edwin
Bischof AG. Biro produces injection-moulded parts for the European automotive
industry on behalf of customers including Sika. The company generated sales of
CHF 35 million in 2010 and employs approximately 150 people.
Sika AG, headquartered in Baar, is acquiring Biro Edwin Bischof AG, the
Romanshorn-based plastic products manufacturer with strong skills in multi-
component injection moulding. Biro Edwin Bischof AG produces components for the
European automotive industry on behalf of Sika, including sound absorbing parts
and reinforcers for bodywork structures.
Biro Edwin Bischof AG was founded by Edwin Bischof in 1962. Today 55 percent of
the company's output is destined for the automotive industry. The vast majority
of these parts are produced for Sika. Biro Edwin Bischof AG has come under
increasing pressure in recent years as a result of the financial and business
crisis. The acquisition will put it on a new financial footing and avoid a
situation that would threaten its continued existence.
Biro Edwin Bischof AG has been producing parts for the automotive industry on
Sika's behalf for over ten years. By acquiring the company, Sika is therefore
ensuring that production will continue and Sika's various supply commitments to
its partners will be upheld. Sika will work with the management team at Biro
Edwin Bischof AG to realign the company and take restructuring steps wherever
necessary. The aim is to return the company to the black and establish the site
as a European centre of excellence for injection moulding.
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
CH-6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com Fax: +41 58 436 68 50
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 74 countries and some 13 500 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generates annual sales of CHF 4.4 billion. Visit our website atwww.sika.com.
The media release can be downloaded from the following link:
--- End of Message ---
Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
Media Release:
http://hugin.info/100359/R/1529361/464877.pdf
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Source: Sika AG via Thomson Reuters ONE
[HUG#1529361]
Unternehmensinformation / Kurzprofil:
Datum: 07.07.2011 - 17:45 Uhr
Sprache: Deutsch
News-ID 56232
Anzahl Zeichen: 4106
contact information:
Town:
Baar
Kategorie:
Business News
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"Sika acquires contract manufacturer in Switzerland"
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