Saint-Gobain has signed a share purchase agreement to buy TekBond, the No. 1 adhesives business in Brazil operating in the construction sector and on the automotive aftermarket. TekBond supplies a broad range of adhesives, sealants, sprays and masking tapes in Brazil. It will join Saint-Gobain’s High-Performance Materials Activity, enabling the company to create important synergies […]

Saint-Gobain is building a new float glass line in Saltillo, Mexico. According to the company, the plant is scheduled to begin production in 2020, serving the construction and automotive sectors. “It will meet the growing domestic demand and supply Central America, the Caribbean and North America,” reads a release from Saint-Gobain. “… It will complement […]

Thomas Kinisky has been appointed president and CEO of Saint-Gobain Corp., Saint-Gobain’s North American holding company. Kinisky will Saint-Gobain’s North American representative overseeing the family of companies in the United States and Canada. Kinisky was also appointed senior vice president for Saint-Gobain and will be a member of the company’s global management committee. Kinisky assumed […]

SIKA AG has received an appeal filed by Schenker-Winkler Holding AG against a Swiss court that favored SIKA in a years-long dispute. In a release dated January 5, SIKA noted that on October 27, 2016, the Cantonal Court of Zug (Switzerland) “ … denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that […]

Saint-Gobain recently announced its acquisition of Romanian company Pietta Glass Working, which has operations in glass processing, insulating glazing systems and automotive glass, according to a company press release. Pietta Glass is owned by Italian businessman Alessandro Pietta. Saint-Gobain did not disclose the financials associated with the acquisition. “This acquisition will allow the Group to […]

A Swiss court sided with Swiss specialty chemical company SIKA AG’s management Friday in a dispute with its founders, who want to sell their shares to French rival Saint-Gobain SA. The court decision is the latest in a years-long dispute between the two companies. The Burkard family – which founded SIKA AG – owns SIKA’s […]

Saint-Gobain ADFORS — a manufacturer and supplier of insect screen fabric used by both DIY and professional customers – has launched a new smartphone app, Scene Weaver. It’s aimed at educating consumers on the various types of  insect screen available. The ADFORS Scene Weaver app allows you to see what different kinds of screen will look like […]

French conglomerate Saint-Gobain has extended its deal with the Burkard family, giving the company more time to acquire a controlling interest in Swiss specialty chemical company SIKA AG. The Burkard family owns SIKA’s majority voting rights via Schenker-Winkler Holding. More than a year ago, SWH announced it was selling to Saint-Gobain, which would give the […]

In 2015, the antitrust authorities gave their “unconditional approval” for French conglomerate Saint-Gobain to gain a controlling interest in Swiss specialty chemicals company SIKA AG, Saint-Gobain management wrote in their 2015 financial report. “Various legal decisions were handed down in favor of the deal’s completion, thereby dismissing all of the arguments put forward by SIKA’s […]

Swiss specialty chemical company SIKA AG management continues its opposition to a takeover bid by French conglomerate Saint-Gobain. There is a “necessity of safeguarding Sika’s successful business model in the interest of all stakeholders,” the company’s management said when reporting fourth-quarter sales. “SIKA’s public shareholders, board of directors, group management, 160 senior managers and employee […]