Sika AG /
Sika acquires Axim from Italcementi Group
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Sika AG acquires the global concrete admixture and cement grinding aid business
of the Italcementi Group, which are on the market under the brand Axim. Axim
generated sales of around CHF 75 million (EUR 61 million) in 2010.
Bergamo and Baar - Sika is to acquire the global concrete admixture and cement
grinding aid business of Italcementi Group (directly or indirectly controlled by
Italcementi or Ciments FranÃ§ais), which are on the market under the brand Axim.
Axim has approximately 150 employees and through six legal entities operates
several production units and sales organizations in Italy, France, USA, Canada,
Morocco and Spain. In 2010 Axim generated sales of around CHF 75 million (EUR
Axim has a history of over 30 years of experience in the market and offers a
broad and innovative range of concrete admixtures, cement grinding aids and
specialized chemicals that enhance the performance of cement and concrete, as
well as improve cement production efficiency.
"The agreement", stated Giovanni Ferrario, COO Italcementi Group, "will allow
the Group to capitalize the value of this business. Moreover it will further
extend the relationship between Italcementi and Sika enhancing the reputation of
both companies as innovator in the field of concrete and cement."
This acquisition allows Sika to significantly strengthen its market position in
the relevant countries. As Ernst Baertschi CEO from Sika puts it: "This is a
major step for Sika in the process of expanding market shares in the admixture
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
CH-6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com Fax: +41 58 436 68 50
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry as well as
manufacturing industries (automotive, bus, truck, rail, alternative energies,
building components). Sika is a leader in processing materials used in sealing,
bonding, damping, reinforcing and protecting load-bearing structures. Sika's
product lines feature high-quality concrete admixtures, specialty mortars,
sealants and adhesives, damping and reinforcing materials, structural
strengthening systems, industrial flooring as well as roofing and waterproofing
systems. Worldwide local presence in 76 countries and some 14 000 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generated annual sales of CHF 4.4 billion in 2010. Visit our website
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