Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and polyurethane polymer formulator business Axson Technologies.
Based in Saint-Ouen, France, Axson Technologies serves markets including design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, marine, renewable energy, sports & leisure and construction markets.
The transaction is subject to conditions including antitrust approvals in certain jurisdictions as well as consultations with employee representatives.
The development comes some months after Axson acquired Trentesaux-Brochier's polyurethane portfolio, creating the company Axson Merylithe.