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Sika acquires Swiss adhesives manufacturer

12:40 PM MDT | May 20, 2014 | Deepti Ramesh

Sika (Baar, Switzerland) says it will acquire the business of Klebag Chemie (Ennetbürgen, Switzerland), a manufacturer of adhesives for the sealing, bonding, and flooring markets. Financial details of the acquisition have not been disclosed. Klebag generates annual sales of about 12 million Swiss francs ($13.5 million), Sika says. Klebag  has developed a range of adhesives, coatings, and fillers for the interior finishing market in Switzerland, and the company has a strong customer base, Sika says. The acquisition strengthens Sika’s position in...

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