WACKER Strengthens Silicone Business by Acquiring a Stake in Chinese Specialty Silane Manufacturer
· WACKER ACQUIRES A 60 PERCENT STAKE IN CHINESE SPECIALTY SILANE MANUFACTURER SICO PERFORMANCE MATERIAL · ORGANOFUNCTIONAL SILANES ARE IMPORTANT COMPONENTS OF HIGH-PERFORMANCE ADHESIVES, SEALANTS, COATINGS AND COMPOSITES · PURCHASE PRICE FOR THE STAKE IS AROUND €120 MILLION · TRANSACTION EXPECTED TO CLOSE IN FIRST HALF OF 2022 · CEO CHRISTIAN HARTEL: "THIS NEW PARTNERSHIP IS A CONSISTENT STEP IN OUR STRATEGY TO FURTHER EXPAND THE SHARE OF HIGH-MARGIN SPECIALTIES IN OUR SILICONE BUSINESS WORLDWIDE"För mer information se bifogad pressrelease.