Posts Tagged ‘ Sika ’

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


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 […]

Sika Corp. Announces Personnel Promotion

Dec 3rd, 2012

Sika Corp.’s Industry Business unit announced that Thomas LaBelle has assumed responsibility for the management of Sika’s Fenestration, Facades and Insulating Glass Market (FFI) segment. This is in addition to his existing responsibility as global key account manager for the Transportation Business Unit, reporting to Tony Martin, business unit vice president. Labelle will be responsible […]

Sika Corporation Establishes Silicone Competency Center

Jul 6th, 2011

Sika Corporation has established a Silicone Competency Center, headquartered in Lakewood, N.J. The new center is headed by Steve Rosenberg, senior vice president, research and development. Reporting to Rosenberg is Jeff Knepper, manager silicone research and development. An expanded Technical staff within the competency center report to Knepper. “We are excited to establish a comprehensive […]