Sika strengthens position in Brazilian automotive sector
(Thomson Reuters ONE) -
Sika AG /
Sika strengthens position in Brazilian automotive sector
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Sika has agreed to acquire Colauto Adesivos e Massas Ltda, a manufacturer of
adhesives and sealants as well as acoustic damping and structural reinforcement
elements for Latin America's fast-growing automotive and transportation
industry. Colauto generated sales of CHF 40 million in 2010 with a workforce of
approximately 250.
Baar-based Sika group has agreed to acquire Colauto Adesivos e Massas Ltda in
Sao Paolo, Brazil, a manufacturer of adhesives and sealants as well as acoustic
damping and structural reinforcement elements for the fast-growing automotive
and transportation industry. Colauto is one of the leading suppliers of chemical
process materials for the automotive industry in Latin America.
Colauto was founded as a family enterprise in 1962. The company operates a
production site in São Paulo and generated sales of CHF 40 million in 2010 with
a workforce of approximately 250. Colauto enjoys an excellent reputation in
Brazil as a customer- and solution-led company with a strong market position in
Latin America. For Colauto's present owners Sika is the ideal partner: "In Sika,
Colauto has found a strong, international owner which fully leverages its
capabilities and long term perspectives in the global automotive industry."
Latin America's automotive industry has a high growth potential and the
significance of Brazil as car manufacturing country continues to increase.
Through the acquisition of Colauto, Sika will gain access to this key growth
market and be able to expand its global position. As Sika's Head of Automotive
Global Thomas Hasler puts it: "Brazil is currently the world's sixth-largest
automotive-producing country. Our customers here expect a broad cost-effective
product portfolio containing the latest technologies for all car segments."
The acquisition of Colauto will enable Sika to leverage the penetration of this
growth market with its broad range of products and technologies. The automotive
industry is increasingly focussing on Brazil as a development base for global
platforms designed for the emerging markets. "With its production site in São
Paulo, Colauto will become the new development center for Sika Automotive in
Latin America", adds Thomas Hasler.
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 76 countries and some 14 000 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generated annual sales of CHF 4.4 billion in 2010. 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/1542112/472004.pdf
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Source: Sika AG via Thomson Reuters ONE
[HUG#1542112]
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 60280
Anzahl Zeichen: 4834
contact information:
Town:
Baar
Kategorie:
Business News
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"Sika strengthens position in Brazilian automotive sector"
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