Sika Deal

Swiss speciality chemicals group Sika AG said it is to acquire Germany's Proxan Dichtstoffe GmbH for an undisclosed sum. The company, located in Greiz, Thuringia, is a manufacturer of sealants for the production of insulated glass and for construction joints. Proxan's know-how and products will enable Sika to supply a complete, coordinated system to the rapidly growing market for bonded windows, the Swiss firm said.