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Wacker acquires 60% stake in SICO Performance Material for €120 million · Endata

◂ Announcements

Oct 27, 2021ACQUISITIONJining, Shandong, China

Wacker acquires 60% stake in SICO Performance Material for €120 million

Wacker Chemie AG has agreed to acquire a 60% stake in Chinese specialty silane manufacturer SICO Performance Material for around €120 million. The transaction is expected to close in the first half of 2022.

Value

$139.2M (120.0M EUR)

Status

Announced

Productsorganofunctional silanes

CompaniesWacker Chemie acquirer SICO Performance Material target

Sectors#Specialty Chemicals

“WACKER acquires a 60 percent stake in specialty silane manufacturer SICO Performance Material Co., Ltd, Jining (China).”wacker.com

3 sources
wacker.comWACKER Strengthens Silicone Business by Acquiring a Stake in Chinese Specialty Silane Manufacturer - Wacker Chemie AGOct 27, 2021
mnacritique.mergersindia.comWacker Chemie to buy majority stake in China’s Sico for $140 million | M&A CritiqueOct 28, 2021
european-rubber-journal.comWacker acquiring majority stake in Chinese speciality silane manufacturer | European Rubber JournalNov 11, 2021

Summarized from public sources; check the original articles before acting on it.

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