2/13/04 // Acquisition in Norway
Sika Acquires the Admixture Business of Scancem
Sika AG, Baar, Switzerland, has acquired the concrete admixtures business of Scancem Che-micals A/S, Norway.
Scancem Chemicals is owned by Norcem A/S, a subsidiary of the HeidelbergCement Group, Germany.
In a shift of focus HeidelbergCement is withdrawing from the concrete admixtures business. The sale of the admixtures business of Scancem Chemicals therefore continues to pursue a process already underway. The acquired business sales total about CHF 8 m per annum.
Scancem Chemicals’ customers will benefit from the acquisition through their access to the new technologies of Sika.
The acquisition still needs the approval of the Norwegian competition authorities.