Sika announced it had bought AdePlast for more than EUR100 million in November 2019.
“With Sika’s takeover of the company, new perspectives will open up, theoretically, because the Competition Law prohibits us from anticipating an approval of the deal. We may not comment on our development plans but there is a promise of introducing new products on the market, one of which is the polystyrene to be used as insulation for underfloor heating,” says Daniel Stancescu, CEO of AdePlast.
AdePlast makes mortars, polystyrene and paint in its 11 plants in Ploiesti, Oradea, Roman and Craiova, employing almost 500 people. The company founder is businessman Marcel Barbut, who died in February 2019.
(English version by Loredana Fratila-Cristescu)