Sika acquires Tricosal in Germany and Switzerland
Tricosal, which last year generated an annual turnover of EUR 22 million, has developed a strong position in Germany with solutions for joint and surface waterproofing and with injection systems. Internationally, the Tricosal Group has established successful market positions primarily in Europe, the USA, in the Middle and Far East as well as Australia. The Illertissen location will be developed within the Sika Group as a competence center for structural sealing. The 120 employees of Tricosal will be integrated. Tricosal BBZ AG's production will be transferred to a Sika production site for technical reasons and continued there.
Completion of the transaction is still dependent on the approval of the relevant antitrust authorities and is anticipated for mid 2008. Confidentiality has been agreed regarding the sales price.
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