Sika AG announced it has agreed to acquire King Packaged Materials Company, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. Sika said, with the acquisition, it will further expand geographical footprint in Canada and improve growth potential in the home improvement, construction, mining and tunneling markets.
King is a family owned business and a manufacturer of products for the construction and mining industry as well as for the home improvement distribution channel. The portfolio includes shotcrete solutions, grouts, and repair and masonry mortars.
The acquired business generated annual sales of CHF 61 million. Closing of the transaction is expected to take place in the second quarter 2019.
Source: RTT News
Sidel has remotely assisted Nouvelle Brasserie de Guinée (Braguinée) with the tuning of a 1 L bottle line in Guinea. Braguinée is expanding its carbonated soft drink large format production to meet the growing demand for home consumption
Dutch PPE Solutions, a joint venture of VDL Groep and Royal DSM, has been able to produce carbon neutral meltblown fabric. Bornewables PP is made from bio-based feedstock derived entirely from waste and residue streams and has ISCC PLUS certification. Borealis is providing Dutch PPE Solutions with renewable PP from its , supporting them in reducing the climate impact of meltblown production.
The Supervisory Board of Covestro AG has prematurely extended the contract of Board of Management member Sucheta Govil, which runs until July 2022, by three years from August 1, 2022, to July 31, 2025. Govil has been a member of the Management Board of Covestro since August 2019.