.
MergerLinks Header Logo

New Deal


Announced

Sika acquired China-based Crevo-Hengxin.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

silicone sealants

adhesives

Private

Single Bidder

Specialty Chemicals

Acquisition

Friendly

China

Pending

Synopsis

Edit

Sika, a specialty chemical company, acquired China-based Crevo-Hengxin, a manufacturer of silicone sealants and adhesives used in both industry and construction applications. Financial terms were not disclosed. "The outlook for the silicone sealants and adhesive market – and indeed for our business in China – is promising. With the acquisition of Crevo-Hengxin, we will increase our know-how in this key technology, and expand our local production capabilities. We can immediately leverage the business potential of the new product lines by exploiting the cross-selling synergies offered by Sika’s extended distribution channels. We look forward to a successful joint future, and would like to extend a very warm welcome to all Crevo-Hengxin employees as they join the Sika team." Mike Campion, Sika Regional Manager Asia/Pacific.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US