TAGS: Sealants
Sika acquires Bexel International, a manufacturer of tile adhesives and stuccos in Mexico. The acquisition strengthens Sika’s position in the large, fast-growing Mexican market and significantly extends its manufacturing footprint. In 2020, Bexel International generated sales of CHF 35 million.
Acquisition Enhances Sika’s Building Finishing Portfolio
Bexel operates five strategically located production plants which complement Sika’s existing geographical footprint and further support the strategic focus on big cities. The new site serving Mexico City adds important production capacity, strengthening Sika’s position in this fast-growing metropolitan area.
With the combined presence, Sika now has a nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products throughout the country.
The acquisition strengthens Sika’s building finishing portfolio and distribution network in Mexico, providing interesting cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products.
Source: Sika