Sika acquires Proxan Dichtstoffe GmbH in Germany
Acquisition rounds out Sika’s system for “bonded windows”
December 12, 2006 - Sika is acquiring Proxan Dichtstoffe GmbH. The German company, located in Greiz, Thuringia, is a manufacturer of sealants for the production of insulated glass and for construction joints. The parties agreed not to disclose the purchase price.
Proxan develops, produces and sells sealants made from polysulfide and twocomponent- polyurethane. The company is staffed by 13 employees.
With the acquisition of Proxan Sika augments its technologies, particularly in sealants for the production of insulated glass. Proxan’s know-how and products enable Sika to supply a complete, coordinated system to the rapidly growing market of “bonded windows”. Proxan’s polysulfide-based joint sealants ideally complement Sika’s range of products.
Sika AG – a corporate profile
Sika AG, located in Baar, Switzerland, is a globally active company supplying the specialty chemicals markets. It is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction (buildings and infrastructure construction) and in industry (vehicle, building component and equipment production).
Sika’s product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring and membranes.
Subsidiaries in more than 70 countries worldwide and approximately 12,000 employees link customers directly to Sika and guarantee the success of all of its business relationships. With this business structure Sika generates annual sales of more than CHF 3.5 billion. Visit our website at www.sika.com.
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- Christin Kukan
- Corporate Communications & Investor Relations
- Sika AG
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