October 06, 2011 | by Sika Schweiz AG
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October 06, 2011, Sika acquires Comercial de Preresa, SA (Copsa), a company with a strong position in the flooring, repair and reinforcement markets in Spain and Portugal. Copsa is located in Cobeña (Madrid) with annual sales of approximately CHF 17 million and 60 employees.
Sika AG has through its Spanish subsidiary, Sika, S.A.U., agreed to acquire 100% of Comercial de Preresa, SA (Copsa), a company with a strong position in the flooring, repair and reinforcement markets in Spain and Portugal. Sika started collaboration with Copsa several years ago, already 1999 acquiring a 34% stake of the company.
Copsa is located in Cobeña (Madrid) and was founded in 1994. Over the years the company has proved its innovative power developing a wide range of construction chemical products, building up a significant position in its markets and a well established brand. Copsa operates three production sites in Spain.
The acquisition of Copsa will enable Sika to strengthen the position and penetration in the Iberian market. Sika will expand its overall offerings, mainly to the customers in the contractors and distribution business, with a wider range of products and technologies.
Contact:
Sika AG
Zugerstrasse 50
6341 Baar
Tel. 058 436 68 00
Fax 058 436 68 50
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Conclusion of this article: « Sika strengthens position in the Spanish market »
Source: Sika Schweiz AG, Press release