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Sika Acquires Polyurethane Foam Company

Monday, August 20, 2018

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Swiss specialty chemicals company Sika announced late last month that it has acquired Polypag, a Swiss-based manufacturer and developer of polyurethane foam systems.

Sika

Swiss specialty chemicals company Sika announced late last month that it has acquired Polypag, a Swiss-based manufacturer and developer of polyurethane foam systems.

According to the company, the acquisition will enhance Sika’s expertise in the polyurethane foam sector, expand its portfolio and production capacity and drive its specialist trade business forward.

“The acquisition of Polypag will significantly strengthen our Sealing & Bonding business,” said Ivo Schädler, Sika EMEA Regional Manager. “The combined technological and development expertise will open up new cross-selling opportunities. Moreover, by expanding the specialist trade business we will drive forward market penetration and establish growth platforms for both companies.”

Polypag was founded in Altstätten, Switzerland, in 1980, and its polyurethane foams are used in construction applications such as building shells, building structures and building protection, as well as in the DIY market, Sika notes.

The terms of the deal were not disclosed, and the transaction is still subject to approval.

   

Tagged categories: Acquisitions; Polyurethane; Sika; Specialty Coatings

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