17 June 2013 08:09 [Source: ICIS news]
SINGAPORE (ICIS)--Switzerland’s specialty chemicals producer Sika said on Monday it has acquired construction chemical manufacturer Everbuild as a subsidiary to strengthen its position in the UK.
Everbuild has manufacturing facilities in Leeds and generates annual sales revenue of over Swiss francs (Swfr) 90m ($99m), Sika said in a statement.
Financial details of the acquisition were not disclosed.
“The acquisition will give us a strong position in the UK distribution market and offers considerable potential to further leverage Everbuild’s sales channels with Sika’s product range,” the Swiss firm added.
($1 = Swfr0.92)
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