Sika Acquires Automotive Glass Replacement Adhesive Systems Business
April 6, 2010
Sika Corporation, the U.S. subsidiary of Sika AG, has acquired the automotive glass replacement business of ADCO Products, Inc. The business acquired reaches an annual turnover of approximately $7 million and will be integrated into Sika’s aftermarket business unit in the U.S. and its industry division in Canada and Latin America. As part of the transaction, Sika acquired the rights to the Titan brand name of auto glass adhesives. Also, four employee sales representatives from ADCO’s AGR (automotive glass replacement) division are expected to join Sika’s existing 21 person sales force which is currently the largest sales force in the U.S. AGR market, according to the company.
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