Sia buys Freudenburg unit

Sia Abrasives if the world number four in its field Keystone Archive

Switzerland's Sia Abrasives has acquired the Freudenberg group's British-based non-woven abrasives manufacturing operations. The acquisition will be consolidated as of the end of July.

This content was published on July 4, 2001 - 10:49

Canton Thurgau-based Sia Abrasives said that with this new British production facility and its comprehensive range of non-woven abrasives, the Sia Group, which is the world's fourth largest manufacturer of coated abrasives, will "further reinforce its position on the market".

The Freudenberg unit recorded sales of non-woven abrasives in 2000 totalling SFr28 million ($15.6 million). Of this 45 per cent of sales were in the United States and currently employs a workforce of 116.

Sia, which listed on the Swiss Stock Exchange in 1999, gave no financial details for the transaction, which said rounded off its range of abrasives and abrasive systems for surface treatment and finishing, especially in metal working applications and overseas markets.

"By exploiting the profitable market potential, the Sia Group expects to strengthen its operating profit margins," the company said in a statement.

Sia Abrasives opened its first chemical plant in 1867 in Frauenfeld in canton Thurgau. It now employs more than 900 staff worldwide with a turnover last year of SFr226 million.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?