What's Happening?
Sika, a specialty chemicals company, has announced its agreement to acquire Akkim, a leading manufacturer of adhesives and sealants based in Turkey. This strategic acquisition is set to enhance Sika's
position in the global adhesives and sealants market by expanding its distribution channels and geographic reach. Akkim, a rapidly growing family-owned business, generated net sales of approximately CHF 220 million in 2025 and operates two large-scale production facilities in Turkey and Romania. The acquisition aligns with Sika's Strategy 2028, which focuses on expanding its adhesives and sealants business. Akkim's extensive distribution network and strong R&D capabilities are expected to significantly support Sika's growth in high-demand markets across Eastern Europe, Central Asia, the Middle East, and North Africa.
Why It's Important?
The acquisition of Akkim by Sika is significant as it positions Sika to capitalize on the growing demand for adhesives and sealants in emerging markets. By integrating Akkim's production capabilities and distribution network, Sika can enhance its operational efficiency and broaden its customer base. This move is expected to unlock substantial growth opportunities, particularly in the construction sector, where adhesives and sealants are critical components. The acquisition also supports Sika's long-term strategy to strengthen its market presence and drive innovation in product offerings. As a result, Sika is likely to see increased competitiveness and market share in the global adhesives and sealants industry.
What's Next?
The acquisition is subject to regulatory approvals and is expected to close in the third quarter of 2026. Once completed, Sika plans to leverage Akkim's manufacturing sites as production and export hubs, enhancing its ability to serve a broader geographic region. The integration process will focus on maximizing synergies between the two companies, particularly in terms of product development and distribution. Sika's management anticipates that the combined entity will create a strong platform for accelerated growth, with potential cross-selling opportunities for complementary products such as repair mortars and waterproofing solutions.
