Sika acquires Chinese manufacturer of silicone sealants and adhesives
Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications.
With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates sales of 45 million Euro, with a workforce of 140 employees.
Silicones for the growing solar industry
Crevo-Hengxin is a family-owned manufacturer of a broad range of silicone products used for facades, fenestration, insulated glass, interior finishing and other sealing and bonding applications. In addition, the company holds a leading position as supplier of silicones for the growing solar industry. Crevo-Hengxin is located in Changshu, 50 kilometers north of Suzhou.
Operations comprise a production facility, a state-of-the-art R & D Center, a warehouse, and offices.
