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Sika AG To Acquire Belineco LLC - Quick Facts

Sika AG (SXYAY.PK,SKFOF.PK) announced it has agreed to acquire Belineco LLC, a Belorussian manufacturer of polyurethane foam systems. Sika said, with the acquisition, the company will further expand its know-how in the production and development of polyurethane foams. The acquired business generated annual sales of CHF 23 million.

Ivo Schädler, Regional Manager EMEA, stated: "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."

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