March 8, 2010
ADCO
Global announced today the sale of its North American automotive
replacement glass (ARG) adhesives business to Sika Corporation.
The sale includes assets and customer relationships dedicated to ADCO’s
ARG business, in addition to the expected transfer of certain members
of ADCO’s sales staff to new positions with Sika.
The
transaction completes the divestiture of a business determined to be
outside ADCO’s operating priorities and objectives for market
leadership positions. Following this sale, ADCO will continue to
pursue strategic growth and investment in its core construction,
alternative energy, and transportation platforms.
ADCO
Global is a leading supplier of specialty adhesives, sealants, tapes,
and coatings serving Construction, Transportation, and Industrial
markets throughout the world via its operating subsidiaries ADCO
Products, Inc., in North America and Kömmerling Chemische Fabrik GmbH
in Europe, Africa, and Asia. ADCO is a leader
in developing
specialized solutions for insulated glass window, commercial roofing,
solar panel, bus/truck/trailer/RV, automotive, marine, civil
engineering, telecommunications, security glass, auto replacement
glass, and general
construction applications.