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Wacker Chemie expands silicone business with takeover in China

Wednesday, 10/27/2021 10:23 AM from

dpa-AFX

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JINING / MUNICH (dpa-AFX) – Wacker Chemie expands the business around additives for adhesives and sealants as well as for coatings with a takeover in China. The MDax said that 60 percent of the specialty silane manufacturer Sico Performance Material would be taken over for around 120 million euros -Group on Wednesday with. Wacker Chemie boss Christian Hartel describes the purchase as a “step in our strategy to further expand the share of high-margin specialties in the silicone business worldwide.” The transaction is expected to close in the first half of 2022 if the authorities approve.


So far, Wacker Chemie has only manufactured so-called organofunctional silanes in Germany. With the participation in Sico, the offer will be expanded. In addition, production is closer to customers in rapidly growing markets. Sico’s products are used in the construction industry, in automotive engineering, in the semiconductor and electronics industries./mis/jha/

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