SIKA
Purchase of PU foam systems producer Belineco in Belarus
Sika (Baar / Switzerland; www.sika.com) has agreed to acquire Belarus-based PU foam systems manufacturer Belineco (Brest; www.belineco.com). The Swiss group said the acquisition will enable it to expand its know-how in the production and development of PU foams and gain better access to trade distribution in Eastern Europe. The transaction is subject to anti-trust approvals.

Sika said Belineco complements its recently acquired Switzerland-based Polypag PU foam business – see Plasteurope.com of 08.08.2018. Belineco produces PU foams at its facility near Brest, and the foams are sold via distribution channels in Eastern European markets. The company has annual sales of about CHF 23m (EUR 20m).

Sika stated, the acquisition "will open up cross-selling opportunities for the combined portfolio through these channels as well as for Belineco foams in Sika's roofing and facade systems.” Ivo Schädler, regional manager for EMEA at Sika, said, "The acquisition of Belineco will strengthen our sealing & bonding business in Eastern Europe and open up exciting, new cross-selling opportunities.”
21.03.2019 Plasteurope.com [242043-0]
Published on 21.03.2019
Sika:  Erwerb eines weißrussischen PUR-SchäumersGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 22.08.2019 06:06:18   (Ref: 800661983)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp