Sika acquires Axim15 December 2011
Sika of Switzerland yesterday acquired the global concrete admixture business of the Italy-based Italcementi Group. Its businesses trade under the name Axim and include those controlled by Ciments Francais.
In 2010 Axim had sales of around EUR 61M (79.9 USD), and employs 150 people in six companies operating production and sales unit in Italy, France, Canada, Morocco, Spain and the USA.
Giovanni Ferrario, COO of Italcementi Group said, “The agreement will allow the group to capitalise the value if this business. Moreover it will further extend the relationship between Italcementi and Sika, enhancing the reputation of both companies as innovators in the field of concrete and cement.
Ernst Baertschi, CEO of Sika, added, “This is a major step for Sika in the process of expanding market shares in the admixture business worldwide.”