DUBLIN, March 14, 2016 /PRNewswire/ --
The global speciality chemicals market is set to reach a value of USD 233.5 billion by 2020, according to a report available from Research and Markets. The report states that top market players utilize strategies such as acquisition to sustain their place in this competitive market, and today it was revealed that a group of investors are attempting to prevent Sika AG's takeover by Cie. de Saint-Gobain SA.
Among the investors hoping to block the takeover are the Bill & Melinda Gates Foundation Trust and Fidelity Investments International. The group plan to extend the term of the team of guardians until 2020 should the USD 2.8 billion acquisition go ahead, but will have to wait until Sika's annual general meeting on April 12 before any terms can be agreed. Members of Sika's founding family wish to sell their 16% stake in the speciality chemical producer, with majority voting rights going to Saint-Gobain.
Sika develop, manufacture and supply a wide range of speciality chemicals on a global basis. If successful, the financial support gained from the takeover could allow Sika to expand within their various speciality chemical industry sectors. The global construction chemicals market is expected to reach USD 33.98 billion in terms of volume by 2020, as forecast in an industry report. Saint-Gobain will most likely invest heavily in Sika's product range for this market in an attempt to establish market dominance.
The global waterproofing chemicals market is set to grow at a CAGR of 5.93% during the 2016-2020 period, as predicted by a recent report. Again, Saint-Gobain is expected to finance further research and development for Sika's products in this industry sector if the deal is successful, as this is one of Sika's key markets.
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SOURCE Research and Markets