Sika acquired the majority stake in Index Construction Systems and Products, a leading manufacturer of roofing and waterproofing systems headquartered close to Verona, Italy. Through this acquisition, the company will be able to extend its product range and significantly strengthen its position in the Italian market.
Index is an established, family-owned company that generates annual sales of CHF 115 million. The company was established by Luigi Carlon in 1978, who has owned and run the company since its inception. Luigi will keep a minority stake in the business and will continue to serve as Chairman of the Board of Index.
Index’s product portfolio includes technologically advanced bituminous membranes for roofing and waterproofing, products for thermal and acoustic insulation, as well as waterproofing and repair mortars. Sika will be able to capitalise on Index’s expertise in bitumen and will now be a full-range supplier offering available technologies to the roofing and waterproofing market. The acquisition will also help Sika develop its business in Southern Europe and North Africa as well as provide significant cross‐selling opportunities.
Paul Schuler, CEO of Sika, says the company is delighted to welcome the Index employees into the Sika team and looks forward to expanding joint business operations.
“Index is a proven industry leader and together we will hold a strong number one position in the Italian roofing market. On account of its high research and development competence, and expandable production capacity, Sika will establish the new site as its Southern European production hub for bituminous systems, with the potential to also serve the Middle East and Africa,” said Paul.
While the majority of Index’s customers are in Italy, it also exports to over 100 other countries globally.
For more information, contact Sika on +27 (31) 792 6500 or via www.sika.co.za.
If you enjoyed this article, sign up for our newsletter: http://www.buildinganddecor.co.za/register/
Subscribe to our free magazine on http://tiny.cc/floorsfreemag or join other discussions like these on http://www.facebook.com/buildinganddecor, http://www.twitter.com/buildingdecor and https://www.linkedin.com/showcase/10172797/