Sika AG

Sika has agreed to acquire Polypag, a leading Swiss‐based manufacturer and developer of polyurethane foam systems. This acquisition will enhance Sika’s expertise in the area of polyurethane foam development, expand its product portfolio and production capacity, and drive forward the specialist trade business. Last year, Polypag recorded annual sales of some CHF 40 million with a workforce of 120 employees.

Ivo Schädler, Sika EMEA Regional Manager: "The acquisition of Polypag will significantly strengthen our Sealing & Bonding business. 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. We look forward to a successful shared future and would like to extend a very warm welcome to Polypag employees as they join the Sika team."

Gottfried J.Peichl, Board of Directors, FLM Holding: "I am extremely pleased to hand over Polypag to Sika and to open up a great development and growth opportunity for the PU activities. I would like to thank all employees for their achievements and wish them and the company every success and a good future."