Sika is to acquire the global concrete admixtures and cement grinding aids businesses of Italcementi Group (directly or indirectly controlled by Italcementi or Ciments Français), which are on the market under the brand Axim.
Axim has approximately 150 employees and through six legal entities operates several production units and sales organizations in Italy, France, USA, Canada, Morocco and Spain. In 2010 Axim generated sales of around EUR61m.
Axim has an history of over 30 years in the market and offers a broad range of concrete admixtures, cement grinding aids and specialised chemicals which enhance the performance of cement and concrete, as well as improve cement production efficiency.
“This agreement - stated Giovanni Ferrario, COO of Italcementi Group - will allow the Group to capitalise the value of this business. Moreover this will further extend the relationship between Italcementi and Sika enhancing the reputation of both companies as innovator in the field of concrete and cement.”
This acquisition allows Sika to significantly strengthen its market position in the relevant countries. As Ernst Baertschi CEO from Sika puts it: “This acquisition is a major step for Sika in the process of expanding market shares in the admixture business worldwide”.