Sika strengthens position in European distribution business

Sika AG has acquired Technokolla, a producer of tile adhesive systems. The Northern Italy-based company generated sales of around CHF 37 million (CHF 1 = EUR 0.87) in 2010. With acquired company’s products on board, Sika will have even greater access to Technokolla’s highly developed sales and distribution network. The Italian company also owns a production site in Sassuolo. The new partnership will enable Sika to expand its market position by adding a new distribution channel and supply the construction industry in the region with an even wider range of products and technologies.