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Regions :: Southeast Asia :: Singapore
Sika to acquire manufacturer of cementitious powder products in Singapore and Malaysia
5:19 AM MST | December 16, 2013 | Deepti Ramesh
Sika (Baar, Switzerland) says it has agreed to acquire LCS Optiroc (Singapore), a leading manufacturer of cementitious powder products; and its business operations in Malaysia. Financial details of the deal have not been disclosed. The business that Sika will acquire generates annual sales of about 24 million Swiss francs ($27 million). Sika, under the deal, is acquiring two manufacturing plants in Singapore and at Johor Bahru, Malaysia. The acquisition will enable Sika to take a big step forward in the Singapore construction market, significantly increasing...
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