Sika to acquire Faist ChemTec Group from L-GAM.

Sika, a Swiss specialty chemical company, agreed to acquire Faist ChemTec Group, a manufacturer of high-performance engineered, structure-borne acoustic solutions for the automotive industry, from L-GAM. Financial terms were not disclosed. "The management team is very happy with this strategic move for the company and is looking forward to developing the business further to create more customer value with high-performance products. Sika’s expertise in material technologies will be a great contribution to Faist ChemTec products and further innovations. I would like to thank the L-GAM team for their support over the last few years," Christoph Röttges, Faist ChemTec CEO.