Sika AG announces that its U.S. subsidiary, Sika Corporation, has acquired the automotive glass replacement business of ADCO Products, Inc. (“ADCO”). The transaction closed on March 8, 2010. The business acquired reaches an annual turnover of approximately US$ 6-7 million and will be integrated into Sika’s Aftermarket Business Unit in the United States and its Industry Division in Canada and Latin America.
As part of the transaction, Sika acquired the rights to the “Titan” brand name of auto glass adhesives. Also, 4 employee sales representatives from ADCO’s AGR (Automotive Glass Replacement) division are expected to join Sika’s existing 21 person sales force which is currently the largest sales force in the US AGR Market.
Sika Corporation is based in Lyndhurst, New Jersey.