Saint-Gobain: Commitment To Acquire Sika Irrevocable

During its presentation covering 2014 full-year financials, French conglomerate Saint-Gobain’s management described its commitment to acquire a controlling interest in Swiss specialty chemical company Sika AG as ‘irrevocable’. “Consequently, we hope that those members of Sika’s management team who currently oppose the transaction will rethink their position and the radical steps they have taken which are detrimental to the group’s 17,000 employees,” management writes in the report. “Saint-Gobain wishes to reassure Sika’s employees that their jobs are safe: no layoffs due to restructuring are associated with the transaction,” according to the financial report.