TAGS: Sealants
Sika to acquire a 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 cross-selling opportunities through an 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.
Acquisition Accelerates Sika’s Building Portfolio
Chema provides a wide range of tile adhesives, tile grouts, as well as other complementary products.
The acquisition accelerates the development of Sika’s building finishing portfolio and strengthens its presence in the distribution channel in Peru, providing exciting cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes and waterproofing products.
Chema’s Footprint Complements Sika’s Footprint
Chema’s manufacturing footprint perfectly complements the one of Sika Peru. With the combined presence, Sika will have nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products throughout the country. The transaction is subject to clearance by the local anti-trust authorities.
“
With our combined businesses and the improved market access, we will have an excellent platform to further grow and strengthen our presence in the Peruvian market. The nationwide geographical footprint will support our strategic focus on big cities and enable us to better serve new and existing customers with complete solutions. We are looking forward to welcoming the Chema employees to the Sika family and are excited to develop our business together in the future,” added Christoph Ganz, regional manager Americas.
Source: Sika