Sika has agreed to acquire Polypag, a leading Swiss manufacturer and developer of polyurethane foam compounds. The acquisition will enhance its expertise in the development of polyurethane foam, expand its product portfolio and capacity, and promote professional trade. Business development. Last year, Polypag had annual sales of approximately 40 million Swiss francs and 120 employees. The transaction was subject to approval by the competition authorities.
Polypag was founded in 1980 in Altstetten, Switzerland. Today, the company has become a leading supplier of specialty foam compounds and positions itself as a strong professional trading partner with a line of quality products. Based on polyurethane. Foam is a building material that can be used for insulation, sealing, bonding or assembly. They have special uses in the construction sector, such as in building envelopes, building structures, building protection and the DIY market. The acquisition includes acquisitions. The headquarters of Polypag, the production site in Altstetten, the R&D center in Appenzell, and the production site in Landsberg am Lech, Germany.
Ivo Schadler, regional manager for Sika in Europe, Middle East and Africa, said: 'The acquisition of Polypag significantly enhances our sealing and bonding business. The combination of technology and R&D will bring new cross-selling opportunities. In addition, by expanding Professional trade business, we will promote market penetration and establish a growth platform for the two companies. We look forward to a successful future with a win-win situation. We warmly welcome the participation of Sika team Polypag employees.
Gottfried J. Peich, Director of FLM Holdings, said: 'I am very happy to give Polypag to Sika, which will bring a huge development and growth opportunities for the PU business. I would like to thank all the employees for their achievements and wish them and the company a win. A successful, beautiful future. '