Post Time:Aug 28,2017Classify:Company NewsView:920
Sika’s acquisition of ABC Sealants will further establish Sika as a comprehensive supplier of solutions for interior finishing applications.
Sika has announced that it has acquired leading Turkish manufacturer of sealants and adhesives ABC Sealants, in a move to strengthen Sika’s market position in Turkey.
The acquisition will strengthen Sika’s market position in Turkey and further establish Sika as a comprehensive supplier of solutions for interior finishing applications.
ABC Sealants is a highly regarded brand in the Turkish building materials market with a strong presence in the distribution business. Based in Istanbul, the company runs a manufacturing facility producing a wide range of construction sealants and adhesives.
The acquired production site will not only improve Sika’s ability to serve customers in the Turkish market but will also function as a distribution and production hub for the Middle East and Africa, reinforcing the supply chain in this region.
With the wider product range and improved access to professional distribution channels, the two companies will profit from extensive cross-selling opportunities.
Ivo Schädler, Regional Manager EMEA: “This acquisition provides us with a solid production platform to further expand the sealant and adhesive business in Turkey as well as in the Middle East and Africa. We welcome the new employees into the Sika team and look forward to growing our business together”.
Source: www。glassonline.comAuthor: shangyi