Sika has acquired Emseal Joint Systems, Ltd., a US-based market leader in the development and manufacturing of structural expansion joint products for new construction and refurbishment. With the acquisition, Sika will be able to offer the most comprehensive range of sealing and bonding solutions available in the North American construction market. Emseal generates annual sales of CHF 40 million.
Based near Boston, Emseal is a well-established US company with a strong brand and a leading position with construction specifiers and contractors throughout North America. Emseal is a technology-driven company, with a reputation for high-quality products, excellent customer service and innovative solutions for structural expansion joint applications in buildings, stadiums, parking garages and infrastructure facilities. The acquisition perfectly complements Sika’s range of sealing and bonding products and offers extensive cross-selling opportunities for other Sika technologies. With manufacturing in Toronto, Canada, and Westborough, Massachusetts, Emseal is well-positioned geographically to supply the North American market.
Christoph Ganz, Regional Manager North America: “The acquisition of Emseal fits perfectly with our growth strategy in North America, enabling Sika to reach new contractor customers and better penetrate key projects. We see significant synergies coming from the combined technologies and product ranges of Sika and Emseal. We are proud to welcome the successful team from Emseal into the Sika family and we are excited about growing our business together.”
Source: SIKA
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.
