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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections