Sika Buys Brazilian Adhesives Maker | Chemical & Engineering News
Volume 89 Issue 36 | p. 28 | Concentrates
Issue Date: September 5, 2011

Sika Buys Brazilian Adhesives Maker

Department: Business
News Channels: Materials SCENE
Keywords: adhesives, autos, Brazil, acquisitions

Sika will acquire Colauto Adesivos e Massas, a nearly 50-year-old Brazilian maker of adhesives, sealants, and acoustic damping materials for the auto industry. Sika, a Switzerland-based producer of automotive and construction chemicals, says the deal will give it a foothold in Brazil, the sixth-largest auto-producing country in the world. Colauto, based in São Paulo, employs about 250 people and booked nearly $50 million in sales in 2010. The São Paulo site is slated to become the new development center for Sika Automotive in South America.

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