SIKA
Swiss group agrees to acquire compatriot PU foam specialist Polypag
Sika (Baar / Switzerland; www.sika.com) has agreed to buy Swiss PU foam specialist Polypag (Alstätten; www.polypag.ch) for an undisclosed sum. The speciality chemicals company said the acquisition will enhance its expertise in PU foam development, expand its product portfolio and production capacity and drive forward the specialist trade business.

“The acquisition of Polypag will significantly strengthen our sealing and bonding business. The combined technological and development expertise will open up new cross-selling opportunities,” said Ivo Schädler, Sika’s regional manager for EMEA .

The transaction, which remains subject to regulatory approval, includes Polypag’s headquarters in Alstätten / Switzerland and a R&D centre in Canton Appenzell / Switzerland, as well as a production site in Landsberg am Lech / Germany. Polypag has 120 employees and recorded sales of CHF 40m (EUR 34.7m) in 2017. The Alstätten-based company produces PU foam used in construction applications, such as for insulation and sealing materials in buildings.
08.08.2018 Plasteurope.com [240315-0]
Published on 08.08.2018
Sika: Übernahme des PUR-Schäumers PolypagGerman 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: 18.09.2019 19:35:55   (Ref: 275277261)
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