WEDNESDAY, AUGUST 16, 2023
Swiss chemicals company Sika recently announced plans to acquire Peruvian mortar manufacturer Chema. Chema reportedly generated sales of CHF 50 million (about $57 million) in 2022.
Sika reports that Chema is a family-owned business that provides a range of tile adhesives and tile grouts, as well as other complementary products. The manufacturer has a “strong presence” in the distribution channel serving home centers, builders’ merchants, hardware stores and smaller retailers.
Chema reportedly operates four plants and seven warehouses to allow nationwide manufacturing and distribution coverage.
According to the release, the acquisition will help accelerate the development of Sika’s Building Finishing portfolio, while strengthening its presence in the distribution channel in Peru. Additionally, it will reportedly provide cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes and waterproofing products.
Sika notes that Chema’s manufacturing footprint complements the one of Sika Peru, offering a nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products.
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| PeopleImages / Getty Images |
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Swiss chemicals company Sika recently announced plans to acquire Peruvian mortar manufacturer Chema. |
“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,” said Christoph Ganz, Regional Manager Americas.
“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.”
The transaction is subject to clearance by the local anti-trust authorities.
Recent Sika Acquisition
In July, Sika also announced that they had acquired Thiessen Team USA, a shotcrete and grouting products manufacturer. Sika states that the new acquisition will support the company’s expansion in the U.S. mining market while also opening cross-selling potential.
The release said that this acquisition will allow the company to expand its presence it the U.S. mining market with products such as structural fibers, shotcrete accelerators and backfilling solutions.
The company reportedly has a strong presence in the mining industry in Latin America and Canada, significantly expanded through the acquisition of King Packaged Materials in 2019. Now, Sika states that the acquisition of Thiessen will similarly improve access to U.S. mining projects.
Sika added that their technology, which they state would also complement Thiessen's offering, will be rolled out in the entire Americas region.
Tagged categories: Acquisitions; Business management; Business matters; Business operations; Coatings manufacturers; concrete; Good Technical Practice; Grout; Mortars; Program/Project Management; Sealant; Sika
