Sika announced in November 2019 it was acquiring AdePlast. The deal was estimated at over EUR100 million.
Bill Gates, french group Saint-Gobain and BlackRock, the world’s largest investment fund, are among the major shareholders of Sika group.
AdePlast makes mortars, polystyrene and paint in its 11 plants located in Ploiesti, Oradea, Roman and Craiova.
Sika has three plants in Romania in Brasov, Cluj county and Covasna county. Its turnover grew by over 10% in Romania in 2019, according to company officials, to at least RON170 million.