ZURICH (AFX) - Sika AG said it will sell its Sarna Plastec AG unit in a management buyout to Kurt Maeder, the company's managing director, and Andre Strasser, head of marketing and sales.
The Swiss speciality chemical company did not disclose any financial details of the transaction, which is expected to be completed within the next few weeks.
Sarna Plastec -- which develops, produces and sells foams and plastic films -- reached a turnover of approximately 13 mln sfr in 2006. afx.zurich@afxnews.com jmt/jlw COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited