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Sika Acquires Mortar, Envelope Solutions Company

Thursday, December 19, 2019

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Swiss chemicals company Sika recently announced that it has agreed to acquire Adeplast SA, a manufacturer of mortars and thermal building envelope solutions in Romania.

The move aims to strengthen Sika’s position in the construction chemicals market and extend its manufacturing footprint, according to the company.

Sika

Swiss chemicals company Sika recently announced that it has agreed to acquire Adeplast SA, a manufacturer of mortars and thermal building envelope solutions in Romania.

"Adeplast is a proven industry leader and will considerably strengthen the presence of our Target Market Building Finishing in the growing Romanian market,” said Ivo Schädler, Regional Manager EMEA.

“The improved access to the distribution channel will offer exciting cross-selling opportunities, increase our market penetration, and drive the continued growth of both companies. We warmly welcome the Adeplast employees to the Sika team and look forward to a successful joint future."

According to Sika, Adeplast produces a wide range of buildings mortars as well as thermal insulation for building envelope solutions. It operates four production plants that provide a nationwide coverage of Romania and also offers the potential to serve neighboring countries.

Adeplast generates sales of CHF 120 million ($122.4 million) with a workforce of 460 employees. The financial terms of the deal were not disclosed, and the transaction is subject to clearance by anti-trust authorities.

   

Tagged categories: Acquisitions; Building envelope; EMEA (Europe, Middle East and Africa); EU; Good Technical Practice; Mergers; Mortars; Sika

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