Swiss Sika buys UK construction chemical manufacturer Everbuild

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)

By: Yaw Min Jie
+65 6780 4327

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