Sika acquires ADCO Products' AGR business
Officials of Sika AG, Switzerland, announced today [March 9] that its U.S. subsidiary, Sika Corp., Lyndurst, N.J., has acquired the auto glass replacement business of ADCO Products, Michigan Center, Mich. The ADCO AGR business has an annual turnover of approximately $6-$7 million, according to a same-day release. It will be integrated into Sika's Aftermarket Business Unit in the United States and its Industry Division in Canada and Latin America.
As part of the transaction, Sika acquired the rights to the Titan brand name of auto glass adhesives. Four employee sales representatives from ADCO's AGR division are expected to join Sika's existing 21-person sales force.