Switzerland based specialty chemical company Sika to acquire silicone sealants and adhesives manufacturer Crevo-Hengxin based in China.
Details are provided below:
- Sika is strengthening its presence in China and the Asia Pacific region with this acquisition.
- Crevo-Hengxin provides a broad range of silicone products used for facades, fenestration, insulated glass, interior finishing and other sealing and bonding applications
- Mike Campion, Regional Manager Asia/Pacific: “The outlook for the silicone sealants and adhesive market and indeed for our business in China is promising. With the acquisition of Crevo-Hengxin, we will increase our know-how in this key technology, and expand our local production capabilities. We can immediately leverage the business potential of the new product lines by exploiting the cross-selling synergies offered by Sikas extended distribution channels. We look forward to a successful joint future, and would like to extend a very warm welcome to all Crevo-Hengxin employees as they join the Sika team.”