Sika Announces Two Acquisitions
Sika recently announced plans for two acquisitions. The company has entered into exclusive negotiations with Axson management and shareholders to acquire Axson Technologies, reportedly a leader in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials, and encapsulation products for the automotive, nautical, renewable energy, sports and leisure, and construction markets.
In addition, Sika has agreed to acquire the assets of Duro-Moza, a Mozambique-based company active in production and sales of specialized mortars and tile adhesives. The transaction will reportedly accelerate Sika Mozambique’s development and market penetration. Duro-Moza generated sales of CHF 2 million (~ $2.25 million) in 2014.
Duro-Moza’s product range includes plasters, tile adhesives, dry shakes, grouting and concrete repairs. The company is located in the capital city of Maputo and has reportedly established a strong position in the promising Mozambique market.
For more information, visit www.sika.com.