13 March 2019
DETAILS
Sika has agreed to acquire Belineco LLC,
a Belorussian manufacturer of polyurethane foam systems.
With the acquisition Sika will further expand its know-how
in the production and development of polyurethane foams.
Together, the two companies will gain better
access to the trade distribution channels in Eastern Europe.
The acquired business generates
annual sales of CHF 23 million.
The transaction is subject to approval by anti-trust authorities.
Belineco, based near Brest, has been growing
with strong momentum over the past years
a solid market position in Belarus and Russia.
In its state-of-the-art manufacturing facility,
the company produces
polyurethane foams sold via trade distribution channels
in Eastern European markets
The acquisition provides Sika
with expanded production capacity and know-how
for polyurethane foam systems.
With its geographical footprint focused on Eastern Europe,
it perfectly complements the recently acquired
Swiss-based Polypag polyurethane foam business.
The acquisition of Belineco will enhance
Sika’s product offering for the trade distribution channels
and improve store penetration with larger distributors.
It will open up cross-selling opportunities
for the combined portfolio through these channels
as well as for Belineco foams
in Sika’s roofing and facade systems.
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Ivo Schädler,
Regional Manager EMEA:
“The acquisition of Belineco will strengthen
our Sealing & Bonding business in Eastern Europe
and open up exciting, new cross-selling opportunities.
The improved access to trade distribution channels
will increase our market penetration in this region
and drive the continued growth of both companies.
We are happy to welcome Belineco’s employees
into the Sika team and are excited
about expanding our business together.”
CONTACT SIKA AG
Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
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