Sika to acquire cementitious powder products manufacturers in Singapore, Malaysia

BAAR, SWITZERLAND: Sika has agreed to acquire LCS Optiroc Pte Ltd in Singapore and LCS Optiroc SDN BHD in Malaysia, a leading manufacturer of cementitious powder products. The acquisition will enable Sika to take a big step forward in the Singapore construction market, significantly increasing sales volume and gaining a local manufacturing base. With the new site in Malaysia, Sika will strengthen its presence in the southern part of the country. In addition to further strengthening Sika’s market position in Malaysia and Singapore, the acquisition will also provide a base for expansion into the cementitious powder products market in the Asia/Pacific region.

“Optiroc complements our existing business in the region. The acquisition will open up important business opportunities and support our successful growth strategy in the emerging markets. We welcome all Optiroc employees into the Sika family. I am convinced that we can significantly grow the business together,” said Jan Jenisch, CEO, Sika.

© Worldofchemicals News