By Liz White, ERJ staff
Baar, Switzerland-Sika AG and Sarna Kunststoff Holding AG are planning to combine their waterproofing membranes businesses.
Sika has offered Sarna shareholders SwFr 175 (Euro 113) per share and Sarna’s board is recommending that the offer is accepted.
Meanwhile, Sika said, it fully supports the ongoing sale of the Sarna Automotive Division.
In combination with Sarna, “Sika will also become the global market leader in system solutions for waterproofing roofs,” said Dr Walter GrÃ¼ebler, Sika’s chairman.
The new entity will be able to…