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Sika Acquires Concrete Admixture Business of Italcementi Group

7:11 AM MST | December 20, 2011 | Sotirios Frantzanas

Sika (Baar, Switzerland) signed an agreement with Italcementi Group (Bergamo, Italy) to acquire Axim (Middlebranch, OH), the global concrete admixture and cement grinding aid business of Italcementi. Axim has been present in the market for concrete admixtures, cement grinding aids, and specialized chemicals that enhance the performance of cement and concrete for over 30 years. It operates several production units and sales organizations in Italy, France, the U.S., Canada, Morocco, and Spain. Axim generated revenues of about SF75 million ($80.5 million) in 2010...

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