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Thu March 28 2024

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Sika expands in Italy

1 Jul 15 Sika has aquired the remaining shares in admixture business Addiment Italia from its joint venture partner Buzzi Unicem.

The transaction is targeted at strengthening Sika’s production set-up in Italy and increasing its market presence. Addiment Italia generated sales of €14m in 2014.

Addiment Italia has over 25 years of experience in the construction market offering a broad range of concrete admixtures and cement grinding aids.

In 2003 Buzzi Unicem and Sika AG formed a joint venture in order to produce a range of construction chemicals that enhance the quality and performance of concrete and cement.

Pietro Buzzi, co-CEO of Buzzi Unicem said: “The cooperation between Buzzi Unicem and Sika as joint venture partners of Addiment Italia has continued effectively for more than twelve years, with good understanding of the common goals and management decisions that led to great results for both employees and shareholders. We hope that our future business relationship will continue with the same long lasting success.”

Paul Schuler, head of region EMEA said: ”The acquisition will allow us to further build upon the successful partnership between Buzzi Unicem and Sika in the admixture business worldwide and strengthen the operational footprint in Italy. We welcome the new employees on board and look forward to developing the business together.”

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