# 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.

- Type: Acquisition
- Announced: 2021-10-27
- Where: Jining, Shandong, China
- Value: $139.2M (120.0M EUR)
- Status: announced
- Products: organofunctional silanes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Wacker Chemie](https://endata.com/companies/303.md) (acquirer)
- [SICO Performance Material](https://endata.com/companies/58737.md) (target)

## Sources

- [wacker.com](https://www.wacker.com/cms/en-us/press-and-media/press/press-releases/2021/detail-163587.html), 2021-10-27: "WACKER acquires a 60 percent stake in specialty silane manufacturer SICO Performance Material Co., Ltd, Jining (China)."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/wacker-chemie-to-buy-majority-stake-in-chinas-sico-for-140-million/), 2021-10-28: "Up to now, however, we have manufactured organofunctional silanes exclusively in Germany."
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2090715/wacker-acquiring-majority-stake-in-chinese-speciality-silane-manufacturer), 2021-11-11: "Our new partnership with Sico is a consistent step in our strategy to further expand the share of high-margin specialities in our silicone business worldwide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.