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[July 2002]
Addiment Goes Swiss
Sika AG (Baar, Switzerland) - a leading supplier of specialist chemical products for construction and industry - is buying the Addiment Division of Heidelberger Bauchemie from HeidelbergCement, which has operations in Germany, Poland, Romania and Turkey as well as agents in many other countries.The purchase agreement was signed on 26 June 2002. The position of Addiment's approximately 200-strong workforce will not be affected by the takeover, said Sika. The production facilities in Leimen will remain operational.
For over 25 years, Addiment has been a key player in the field of advanced concrete and mortar technology. Its range of products includes, among other things, high quality concrete additives and special dry mortars. In 2001, the consolidated sales of the Addiment Group totalled around 40 million euro.
Sika says that by acquiring Addiment, it is strengthening its market position in the European concrete additive sector. For HeidelbergCement, the sale will enable that company to focus more strongly on its core cement and concrete business. In addition, the two partners have agreed to cooperate closely in the field of research and development, as well as with respect to distribution activities.
ENDS