Sika has agreed to acquire Adeplast SA, a major manufacturer of mortars and thermal insulation solutions in Rumania. The transaction is subject to clearance by anti-trust authorities, as the company says in the press release received by Lesprom Network.
With the acquisition, Sika Romania will strengthen its product portfolio for the Target Market Building Finishing and gain access to Adeplast’s large, well-established network of distributors.
Ivo Schädler, Regional Manager EMEA: “Adeplast is a proven industry leader and will considerably strengthen the presence of our Target Market Building Finishing in the growing Romanian market. 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”.
Sika is a specialty chemicals company.
