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Sika to buy Akzo PU adhesives unit

By Patrick Raleigh, UT On-line news editorArnhem, the Netherlands-Akzo Nobel AB is selling its Euro17-million turnover industrial polyurethane adhesives and systems business to Sika AG of Baar, Switzerland. The sale, which includes a production site in Fredensborg, Denmark, is due for completion on 1 April, the companies have announced.The Akzo business supplies two-component PU adhesives and sandwich panel bonding systems for truck trailers and building panels, as well as bonding systems for wind turbine blades. The unit has 100 employees, who will all transfer to Sika, according to Akzo.Sika is a global supplier of speciality chemicals with sales of around Euro1480 million and 8500 employees. The group’s portfolio includes PUR adhesives for load-bearing structures in construction and industry. Sika said it plans to sell the newly acquired products through its own distribution network. The acquisition will “strengthen [the firm’s] position in the two-component polyurethane adhesives market,” the Swiss group stated.The PUR adhesives business had only a “peripheral relationship” with Akzo’s Coatings businesses and was no longer a core business, according to Rudy van der Meer, director of Akzo’s Coatings division.”We have therefore decided to find an owner who has a clear focus on growing the business and this divestment should open up new opportunities in the market,” van der Meer said in a 23 March press statement.”

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