Sika acquires resin maker Axson Technologies

Sika has agreed to acquire Axson Technologies, one of the leading players in high-performance resin formulation in three main application areas - tooling & prototyping, composites and electrical/electronics. With annual sales of CHF 75 million and 365 employees, Axson Technologies is a leader in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets. With this transaction, which was initially announced in January 2015, Sika will significantly broaden its product range in the global tooling and composites business. 
 
With six production sites in the USA, Mexico, France, Slovakia, China and Japan and a broad distribution network, Axson successfully produces and markets its innovative products worldwide.
 
By acquiring Axson Technologies, Sika is increasing its product offering and expertise in the tooling and composites business. The main technologies used are polyurethane and epoxy - also two of Sika's core technologies - which will further complement and advance the future product offerings.
 
Jan Jenisch, CEO, Sika, said, “We are delighted to welcome all Axson Technologies employees into the Sika family. The acquisition will make Sika a strong player in the global Tooling and composites business and will expand and complement our product range for a broad customer base.”