Sika strengthens position in the Spanish market
(Thomson Reuters ONE) -
Sika AG /
Sika strengthens position in the Spanish market
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The issuer is solely responsible for the content of this announcement.
Sika acquires Comercial de Preresa, SA (Copsa), a company with a strong position
in the flooring, repair and reinforcement markets in Spain and Portugal. Copsa
is located in Cobeña (Madrid) with annual sales of approximately CHF 17 million
and 60 employees.
Sika AG has through its Spanish subsidiary, Sika, S.A.U., agreed to acquire
100% of Comercial de Preresa, SA (Copsa), a company with a strong position in
the flooring, repair and reinforcement markets in Spain and Portugal. Sika
started collaboration with Copsa several years ago, already 1999 acquiring a
34% stake of the company.
Copsa is located in Cobeña (Madrid) and was founded in 1994. Over the years the
company has proved its innovative power developing a wide range of construction
chemical products, building up a significant position in its markets and a well
established brand. Copsa operates three production sites in Spain.
The acquisition of Copsa will enable Sika to strengthen the position and
penetration in the Iberian market. Sika will expand its overall offerings,
mainly to the customers in the contractors and distribution business, with a
wider range of products and technologies.
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/1552534/478364.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Sika AG via Thomson Reuters ONE
[HUG#1552534]
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 73315
Anzahl Zeichen: 3636
contact information:
Town:
Baar
Kategorie:
Business News
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"Sika strengthens position in the Spanish market"
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