Sector News

Sika Acquires Axson Technologies

March 17, 2015
Chemical Value Chain
Sika has agreed to acquire Axson Technologies. The intended transaction was initially announced in January 2015. With annual sales of CHF 75 million and 365 employees, Axson Technologies is a leader in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets. This acquisition, will significantly broaden Sika’s product range in the global Tooling and Composites business.  
Axson Technologies is a world leader in high-performance resin formulation in three main application areas: Tooling & Prototyping, Composites and Electrical/Electronics. With six production sites in the USA, Mexico, France, Slovakia, China and Japan and a broad distribution network, it successfully produces and markets its innovative products worldwide. 
 
By acquiring Axson Technologies, Sika is increasing its product offering and expertise in the Tooling and Composites business. The main technologies used are polyurethane and epoxy – also two of Sika’s core technologies – which will further complement and advance the future product offerings.
 
Jan Jenisch, CEO of Sika: “We are delighted to welcome all Axson Technologies employees into the Sika family. The acquisition will make Sika a strong player in the global Tooling and Composites business and will expand and complement our product range for a broad customer base.”
 
Source: Sika

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.