WACKER to acquire a 60% stake in SICO Performance Material.

WACKER, an organofunctional silanes producer, agreed to acquire a 60% stake in SICO Performance Material, a specialty silane manufacturer. Financial terms were not disclosed. "Our new partnership with SICO is a consistent step in our strategy to further expand the share of high-margin specialties in our silicone business worldwide. SICO is a leading manufacturer of organofunctional silanes in China, which are a key component in high-performance adhesives, sealants, coatings, and composites. WACKER, in turn, also has decades of experience in this field. Up to now, however, we have manufactured organofunctional silanes exclusively in Germany. By acquiring a stake in SICO, we are now further expanding our range of high-performance specialty products in Asia and moving closer to our customers in these fast-growing consumer markets," Christian Hartel, WACKER President and CEO.