Sika strengthens position in European distribution business
Sika AG has acquired Technokolla, a leader in tile adhesive systems. The Northern Italy-based company generated sales of around CHF 37 million in 2010. Sika expects the acquisition to expand its market position in Italy.
Based in the northern Italian town of Sassuolo, Technokolla is a subsidiary of the privately owned Fincea Group, of which Iris Ceramica, one of the leading ceramic tile manufacturers in Europe, is also a member. It generated sales of approx. CHF 37 million in 2010 and is number three in the Italian local market for tile adhesive systems as well as having a good presence in the neighbouring countries.
With Technokolla’s products on board, Sika will have even greater access to Technokolla’s highly developed sales and distribution network. Technokolla also owns a modern production site in Sassuolo.
The new partnership will enable Sika to expand its market position by adding a new distribution channel and supply the construction industry in the region with an even wider range of products and technologies.
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