More articles by Jenna Reed

Swiss Court Dismisses Request to Overturn Sika Board Decision

The Cantonal Court of Zug in Switzerland has dismissed Schenker Winkler Holding AG’s (SWH) request to review a decision by Sika’s board of directors to reduce the company’s voting rights to 5 percent. The Burkard family-owned company controls 16.1 percent … Continue reading

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More than 100 Sika Managers Sign Letter Opposing Saint-Gobain Deal

More than 100 senior managers at Swiss specialty chemical company Sika AG have signed a letter stating their opposition to the French conglomerate Saint-Gobain’s bid to acquire controlling interest in the company, according to a report. The letter was sent … Continue reading

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Sika AG Throws Up New Roadblock for Saint-Gobain

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French conglomerate Saint-Gobain’s deal to acquire a controlling interest in Swiss specialty chemical company Sika AG appears to have had the brakes thrown on. The Sika Board of Directors has decided the Burkard’s family voting rights in the company should … Continue reading

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The Pushback Over Saint-Gobain’s Move to Acquire a Controlling Interest in Sika AG Accelerates

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The management of Swiss specialty chemical company Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company. Several investors are supporting management’s position, including the Bill & Melinda Gates Foundation Trust, Cascade … Continue reading

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Schenker Winkler Holding Looks to Remove Three Sika Board Members

Schenker Winkler Holding AG, which is owned by the family that controls Sika AG, has requested the Swiss specialty chemical company hold an extraordinary general meeting and proposes to remove Dr. Paul Hälg, Monika Ribar and Daniel Sauter as current … Continue reading

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Sika Sees Sales Climb 11.7 Percent

Sika reported sales growth of 11.7 percent in the third quarter. For the first nine months of the business year, sales increased by 15.8 percent. All regions contributed to the sales growth, according to officials. North America posted an 8.5-percent … Continue reading

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European Court: “Not Enough Evidence” to Fine Soliver Over Alleged Glass Cartel Involvement

The European General Court has allowed Soliver NV—a relatively small glass manufacturer active in automotive glass, as well as other areas—to avoid an almost $5.5 million USD (€4.4 million Euros) fine by ruling that the European Commission did not provide … Continue reading

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Central Glass Group to Expand Carlex Business by Purchasing Two Guardian Subsidiaries

Central Glass Co. Ltd., a parent company of Carlex Glass Co., has resolved to conclude a share transfer agreement to acquire all of the outstanding shares of two subsidiaries of Guardian Industries Corp.—Guardian Automotive Products, Inc. (GAPI), headquartered in Sterling … Continue reading

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Saint-Gobain Credits Auto Glass Demand for Bolstering Flat Glass Recovery

Saint-Gobain reports that its flat glass division sales are up 4.5 percent “like-for-like” (constant exchange rates and group structure) for the first quarter, “driven by brisk automotive markets in all regions,” according to company officials. The Flat Glass division reported … Continue reading

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Tax Time: Is Your Company Ready?

Hopefully, you’ve already filed your company’s taxes, but if not, Dominique Molina of CertifiedTaxCoach.com said some businesses are saving “a few thousand dollars each year in deductions, and in some cases, they save millions.” What can you do to trim … Continue reading

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