BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Sika (SXYAY.PK, SKFOF.PK), a specialty chemicals company, announced it has agreed to acquire Adeplast SA. Headquartered in Ploie?ti, Rumania, Adeplast produces a wide range of building mortars as well as thermal insulation for building envelope solutions. It operates four state-of-the-art production plants.
Ivo Schädler, Regional Manager EMEA: 'Adeplast will considerably strengthen the presence of our Target Market Building Finishing in the growing Romanian market. The improved access to the distribution channel will offer exciting cross-selling opportunities, increase our market penetration, and drive the continued growth of both companies.'
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