The acquisition will significantly strengthen Sika’s position in the fast-growing Saudi and GCC construction markets and expand its product offering in the region.
Alliance for Chemical Distribution President and CEO Eric R. Byer released a statement after oral arguments concluded before the U.S. Supreme Court on the consolidated cases regarding tariffs.
Sika recently released its financial results for the first nine months of 2025, reporting that the group continued to outgrow the market during that period.
Gains in the company's Industrial Intermediates & Infrastructure segments were more than offset by declines in Packaging & Specialty Plastics and Performance Materials & Coatings.
“We delivered a solid third quarter, with earnings above expectations in a continued dynamic environment, reflecting the strength and durability of our overall portfolio,” said Deon Stander, president and CEO of Avery Dennison.