Sika has agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition strengthens Sika’s position in the fast-growing mortar market and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint. In 2022, the business to be acquired generated sales of CHF 50 million.
SMT Scharf GmbH
Changes in the Management Board of SMT Scharf AG - Hans Joachim Theiss is leaving the company
Changes in the Management Board of SMT Scharf AG - Hans Joachim Theiss is leaving the company (Credits: SMT Scharf)
SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2) hereby gives notice that Mr. Hans Joachim Theiß has informed the Supervisory Board that he will not be extending his contract, which ends on December 31, 2023, and will be seeking a new professional challenge after more than eight years at SMT Scharf.
Having served on the company's Supervisory Board, Mr. Theiß has acted in the combined role of the company's CEO and CFO since 2015. The Supervisory Board is confident that it will be able to appoint a successor to the position of CEO in the near future.
Similarly, COO Wolfgang Embert will not be renewing his contract that is also due to end on December 31, 2023, for reasons of age.
Source: SMT Scharf
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