Sika Acquires ADCO's Replacement Adhesive Systems
March 9, 2010
Sika AG has announced that its U.S. subsidiary, Sika Corp., has
acquired the automotive glass replacement business of ADCO Products
Inc. The sale closed yesterday.
According to a statement from Sika AG, ADCO will be integrated into
Sika's aftermarket business unit in the United States and its industry
division in Canada and Latin America.
As part of the transaction, Sika acquired the rights to the "Titan"
brand name of auto glass adhesives. Also, four sales representatives
from ADCO's AGR division are expected to join Sika's existing 21-person
sales force, according to the press release. The names of those
who will move to Sika have not yet been released.
Sika's vice president of aftermarket sales, John King, says for
now nothing will change for ADCO customers.
"It's business as usual," he told glassBYTEs.com/AGRR
magazine this afternoon. "It will take us awhile to digest
this. We're excited about it."
He said a prepared statement detailing the company's specific plans
should be available in the next few weeks.
ADCO spokesperson Connie Kearns had not responded to requests for
comment at press time.
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