Saint Gobain signs acquisition deal for Sika; entire Sika management threatens resignation
Published: Monday, 08 December 2014
The purchase of Swiss construction chemical leader and the second largest global producer in sealants Sika is a strategic move for Saint Gobain, which aligns with its strategy to grow in existing markets. However it does not look like this will be an easy acquisition as Sika's management remains resolute in opposition.
French industrial minerals group Saint Gobain has signed a
deal which will see it gaining control of its Swiss rival
privately-owned Sika, despite fierce opposition from the
group’s board and management.
The acquisition, for Swiss franc (SFr)2.75bn ($2.81bn*), is
for the controlling stake (16.1%) of the company and of...