Last week, Sika’s acquisition of Adeplast garnered the most interest from our readers (Sika Acquires Romania-Based Adeplast): “Sika recently announced that it has agreed to acquire Adeplast SA, a manufacturer of mortars and thermal insulation solutions based in Romania. Sika reports that the acquisition will significantly strengthen its position in the local construction chemicals market and extend its manufacturing footprint. The transaction is subject to clearance by anti-trust authorities.
“Adeplast reportedly generates annual sales of CHF 120 million (approximately $121.3 million) with a workforce of 460 employees. The company is headquartered in Ploiești and produces a wide range of building mortars, as well as thermal insulation (EPS) for building envelope solutions. It operates four state-of-the-art production plants that provide a nationwide coverage of Romania and the potential to serve neighboring countries. According to Sika, the strategically located facilities will enable it to realize efficiency gains in logistics and warehousing.
“‘Adeplast is a proven industry leader and will considerably strengthen the presence of our Target Market Building Finishing in the growing Romanian market,’ said Ivo Schädler, regional manager for EMEA. ‘The improved access to the distribution channel will offer exciting cross-selling opportunities, increase our market penetration, and drive the continued growth of both companies. We warmly welcome the Adeplast employees to the Sika team and look forward to a successful joint future.’”
Top 5 News that Sticks for December 8-14
- Sika Acquires Romania-Based Adeplast
- Avery Dennison to Acquire Smartrac’s RFID Inlay Business
- RPC Acquisition Helps Boost Berry Global’s Net Sales in Fiscal 2019
#2 last week
- Sika Receives Swiss Technology Award for Structural Adhesives Designed for Lightweight Transportation Assembly
#1 last week
- Henkel and Rapid Shape to Collaborate on 3D Printing Solutions
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.