Sika Acquires Acoustics Supplier

By on November 28, 2017 in IN THE NEWS, SUPPLY CHAINS

Sika has agreed to acquire Faist ChemTec Group, a leading manufacturer of high-performance engineered, structure-borne acoustic solutions for the automotive industry. Headquartered in Worms, Germany, the company generates annual sales of more than $190 million and employs 840 people worldwide. The acquisition brings technology and know-how that will accelerate Sika’s growth and drive market penetration via the strong synergies between the two companies. The transaction is subject to clearance by anti-trust authorities.

Faist ChemTec is a renowned company with a trusted brand, comprehensive technical expertise and strong, long-term customer relationships. Founded more than 100 years ago, Faist ChemTec is a pioneer in the production of high-performance engineered structure-borne acoustic solutions. With six production sites in Europe, North America and Asia, and a pan-European distribution network, it supplies its customers with successful and innovative products. Similar to Sika, its innovations are driven by megatrends such as the increased need for comfort and lightweight construction of vehicles.

Faist ChemTec has strong technology and process know-how in modified bituminous and rubber based extruded products for the structure-borne noise management in the automotive industry. Its lightweight, multi-layer leading edge damping solutions allow car makers to design lightweight cars without compromising on acoustic comfort while reducing the carbon footprint overall. Sika’s strength in air-borne noise treatments and reinforcing parts is perfectly complemented by these acquired technologies, resulting in the availability of a full range of solutions for Sika customers. In addition, Sika will gain knowledge in acoustic technology for the white goods market and the construction industry.

Paul Schuler, CEO of Sika: “The acquisition fits perfectly with our growth strategy and will significantly enhance our product offerings and technology base for acoustic damping solutions in the automotive market. The manufacturing footprint supports our aim to achieve global reach combined with local presence when serving customers worldwide. We warmly welcome the successful team from Faist ChemTec Group into the Sika family and are excited to work together in the future.”

Tags: ,

Top