| Sika AG | |
| Type: | Aktiengesellschaft |
| Industry: | Chemical & Construction Industry |
| Foundation: | 1910, Switzerland |
| Founder: | Kaspar Winkler |
| Location City: | Baar (ZG) |
| Locations: | Subsidiaries in 103 countries |
| Key People: | Thomas Hasler (CEO) Thierry F. J. Vanlancker (Chairman) |
| Brands: | Sikaflex Sikalatex, etc. |
| Revenue: | CHF 11.239 billion (2023) |
| Net Income: | CHF 1063 million (2023) |
| Num Employees: | 34,000 (2024) |
| Location Country: | Switzerland |
| Products: | Concrete admixtures and additives, roofing and flooring systems, adhesives and sealants, waterproofing solutions, mortar products, solutions for engineered refurbishment and the industrial sector |
Sika AG is a Swiss multinational specialty chemical company that supplies to the building and motor vehicle industries, headquartered in Baar, Switzerland. The company develops and produces systems and products for bonding, sealing, damping, reinforcing and protecting. Currently, it has over 33,500 employees, subsidiaries in more than 103 countries around the world and manufactures in over 400 factories.[1]
Sika AG is the legal entity for the holding company, which includes the Sika organizations worldwide, Sika Technology AG and Sika Services AG.
Sika was founded in 1910 under the name Kaspar Winkler & Co, Zurich, by Austrian Kaspar Winkler. Winkler's first inventions were agents to protect and clean granite and a waterproofing agent for mortars. The waterproofing products were used to seal and protect the Gotthard Rail Tunnel from 1918 through 1922, which let to international recognition of his company.[2]
With Romuald Burkhard, the second generation of the owner's family entered in 1953. He was named CEO in 1961 and chairman in 1971.
In 2006, the Sika Group was active in 70 countries and had a workforce of approximately 12'000.[3]
In 2009, revenue was CHF 4.2 billion.
In 2014, an unfriendly takeover was launched by French company Saint-Gobain. The Burkhard family wanted to sell its shareholdings to Saint-Gobain at an elevated prize due to the control majority of its privileged shares. The management of Sika and other shareholders, including the Bill & Melinda Gates Foundation,[4] opposed this deal.[5] After a long legal battle, an agreement was reached in 2018. The heirs of the Burkhard family received cash payments for their shares, Saint-Gobain became a minority shareholder and Sika remained an independent company.[6]
In May 2019, Sika acquired Parex, a global mortar manufacturer with a focus on tile setting materials and facade renderings.[7] Headquartered in France, Parex had more than 4,500 employees and 1,034 million € revenue.[8]
In May 2023, the British MBCC Group, a supplier of construction chemicals with 6000 employees in 60 countries, was acquired.[9]
| Revenue | 6.248 | 7.085 | 8.109 | 7.878 | 9.252 | 10.492 | 11.239 | |
| Net income | 0.649 | 0.687 | 0.759 | 0.825 | 1.049 | 1.163 | 1.063 | |
| Assets | 5.796 | 6.382 | 9.960 | 9.794 | 10.707 | 11.319 | 15.051 | |
| Employees | 18'400 | 33,547 |
Besides the brand Sika, more than 900 product brands are in use including Sikaflex, SikaTack, Sika ViscoCrete, SikaBond, Sikafloor, Sika CarboDur Sikagard, Sika MaxTack, Sikaplan, Sikament, Sikadur, SikaLastic, SikaRoof MTC, Sika Unitherm and Sika Sarnafil.