January - Index Construction Systems and Products

In January 2018, Sika acquired a majority stake in Index Construction Systems and Products, a leading manufacturer of roofing and waterproofing systems headquartered close to Verona, Italy. The company generates annual sales of CHF 115 million. By acquiring Index, Sika will extend its product range and significantly strengthen its position in the Italian market.

February - Faist ChemTec Group

In February 2018, Sika acquired Faist ChemTec Group, a leading manufacturer of high-performance engineered, structure-borne acoustic solutions for the automotive industry headquartered in Worms, Germany. With six production sites in Europe, North America and Asia, and a pan-European distribution network, it supplies its customers with successful and innovative products. The acquisition brings technology and know-how that will accelerate Sika’s growth and drive market penetration via the strong synergies between the two companies. The company generates annual sales of CHF 190 million and employs 840 people worldwide.

July - Polypag Group

In July 2018, Sika acquired Polypag Group, 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 Group recorded annual sales of some CHF 40 million with a workforce of 120 employees.

November - Propex Holding, LLC

In November 2018, Sika acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika’s three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika’s concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.

December - Arcon Membrane Srl

In December 2018, Sika agreed to acquire Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The closing is expected in the first half of 2019.