# WACKER acquires 60% stake in Chinese specialty silane producer SICO

WACKER acquired 60% of Shandong Silicon New Material Co., Ltd (SICO), a Chinese specialty silane producer, for approximately €120 million. The transaction is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-12-06
- Where: China
- Value: $136.0M (120.0M EUR)
- Status: announced
- Products: organic functional silane
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Wacker Group](https://endata.com/companies/42651.md) (acquirer)
- [Shandong Silicon New Material Co., Ltd](https://endata.com/companies/59448.md) (target)

## Sources

- [jglsilicone.com](https://www.jglsilicone.com/news/wacker-s-acquisition-of-a-chinese-specialty-si-52249428.html), 2021-12-05: "WACKER acquires 60% of Chinese specialty silane producer SICO(Shandong Silicon New Material Co., LTD)"

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