Romania: Sika has agreed to acquire Arcon Membrane, a manufacturer of roofing and waterproofing systems including thermal insulation systems for facades and roofs. Its insulation systems combine expanded polystyrene (EPS) sheets and bituminous membranes. Sika says that by buying Arcon it will strengthen its position in the local market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The transaction is subject to approval by the Romanian anti-trust authority. No value for the purchase has been disclosed.
“Arcon’s market leading position, comprehensive product portfolio, and established distribution network will support our growth strategy by opening up new cross-selling opportunities, as well as increasing our market access and the penetration of key project,” said Ivo Schädler, Regional Manager Europe, Middle East and Africa (EMEA) at Sika.
