Sika AG has acquired Technokolla, a leader in tile adhesive systems. The Northern Italy-based company generated sales of approximately $47 million in 2010. Sika expects the acquisition to expand its market position in Italy.
Based in the northern Italian town of Sassuolo, Technokolla is a subsidiary of the privately owned Fincea Group, of which Iris Ceramica, one of the leading ceramic tile manufacturers in Europe, is also a member. It is number three in the Italian local market for tile adhesive systems as well as having a good presence in the neighbouring countries.
With Technokolla’s products on board, Sika will have even greater access to Technokolla’s highly developed sales and distribution network. Technokolla also owns a modern production site in Sassuolo.
The new partnership will enable Sika to expand its market position by adding a new distribution channel and supply the construction industry in the region with an even wider range of products and technologies.