Sika announced it has acquired ABC Sealants, an Istanbul, Turkey-based manufacturer of sealants and adhesives, for an undisclosed purchase price, as of August 23.
Sika announced it has acquired a Turkish manufacturer of sealants and adhesives.
According to the company’s press release, the move was made to strengthen Sika’s presence in Turkey, and the facility will also serve as a distribution center and production hub for the Middle East and Africa.
ABC Sealants was founded in 2007 and exports its products to more than 40 countries around the world, according to the company’s website.
“This acquisition provides us with a solid production platform to further expand the sealant and adhesive business in Turkey as well as in the Middle East and Africa,” said Ivo Schädler, Sika’s regional manager of Europe, the Middle East and Africa (EMEA). “We welcome the new employees into the Sika team and look forward to growing our business together.”
ABC Sealants’ website notes the company will continue to keep its corporate structure.
