Posts Tagged ‘ Sika ’

Sika’s Annual General Meeting Becomes Heated 7-Hour-Long Debate

Apr 16th, 2015

Sika chairman Paul Hälg speaks during the company’s annual general meeting. He called the event “historic.”

*+-Swiss specialty chemical company Sika AG’s seven-hour-long annual general meeting of shareholders on Tuesday is one for the record books. The Swiss company’s management and several board members are in a standoff with Burkard family-owned Schenker-Winkler Holding (SWH) over the potential sale of SWH to Saint-Gobain, which would give the French conglomerate majority voting rights […]

Saint-Gobain, Burkard Family Extend Time Period for Deal

Apr 9th, 2015

SIKA

*+-Saint-Gobain’s agreement with the Burkard family over the sale of Schenker-Winkler Holding (SWH) has been extended until June 30, 2016. The deal would position Saint-Gobain to gain majority voting rights in Swiss specialty chemical company Sika AG without having to make an offer for the remaining shares. SWH owns 16.1 percent of Sika’s capital with […]

Swiss Takeover Board Upholds Sika’s Opt-Out Clause

Apr 2nd, 2015

*+-The Swiss Takeover Board has upheld Sika AG’s “opt-out clause,” which allows French conglomerate Saint-Gobain to buy Schenker-Winkler Holding (SWH) and majority voting rights in Sika without having to make an offer for the remaining shares. SWH is owned by the Burkard family, which controls 16.1 percent of Sika’s capital with 52.4 percent in voting […]

More than 100 Sika Managers Sign Letter Opposing Saint-Gobain Deal

Feb 5th, 2015

*+-More than 100 senior managers at Swiss specialty chemical company Sika AG signed a letter stating their opposition to French conglomerate Saint-Gobain’s bid to acquire controlling interest in the company, according to a report. The letter was sent to Saint-Gobain’s CEO. “A considerable number of key managers have already signaled that they would consider leaving […]

Sika AG Pushes Back Against Saint-Gobain’s Takeover Move

Jan 16th, 2015

SIKA

*+-The management of Swiss specialty chemical company Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company. Several investors are supporting management’s position, including the Bill & Melinda Gates Foundation Trust, Cascade Investment LLC, Fidelity Worldwide Investment, Threadneedle Investments and the Ethos Foundation. Meanwhile, representatives of Saint-Gobain […]

Sika AG to Meet with Investors Over Saint-Gobain Deal

Dec 18th, 2014

*+-Swiss specialty chemical company Sika AG will hold an investor meeting to discuss Saint-Gobain’s (SGO) move to seek a controlling interest in the company. Schenker Winkler Holding AG, which is owned by the Burkard family and holds the majority voting rights in Sika, is slated to be sold to Saint-Gobain—giving the French conglomerate a controlling […]

Sika Promotes Russell Livermore III

Nov 24th, 2014

*+-Sika Industry announced the promotion of Russell Livermore III to vice president, marketing industry target market USA. He will report to Dan Hilliard, senior vice president, industry target market USA. Livermore joined Sika Corporation in June 2004 as senior marketing coordinator and has held positions of increasing responsibility over his tenure including market field manager, […]

Sika Sees 31-Percent Increase in Net Profit

Feb 28th, 2013

*+-Switzerland-based Sika Corp. has reported a 31-percent increase in its net profit for 2012, with sales up 5.8 percent. The company’s profit was at $301 million U.S. dollars (281 million Swiss Francs) for the year, according to its 2012 financial report. “Our employees delivered outstanding results in 2012, giving Sika a firm foundation for the […]

Wagner Presents Potential Solution for Global IG Standards

Feb 5th, 2013

*+-Dr. Werner Wagner of Sika Services AG, based in Zurich, Switzerland, presented his findings on “European Gas Loss Testing and Related Benefits” at today’s sessions for the Insulating Glass Manufacturers Alliance (IGMA) Annual Conference in New Orleans. Most notably in his presentation, Wagner posed the question of how to reach an international standard for insulating […]

Sika Attributes 5.8 Percent Increase in Sales to Global Strength

Jan 10th, 2013

*+-Sika Corp. has announced its annual sales for 2012 increased 5.8 percent to CHF 4.82 billion (5.22 billion USD). The company attributes this growth to a strong global presence which it says “enabled the company to offset fall-offs in demand in European markets. 10.7 percent growth was achieved in the emerging markets.” North American sales […]