Sika Enhances Growth Potential with Chema Acquisition
Sika has officially finalized its acquisition of Chema, a prominent manufacturer of tile setting materials in Peru. This strategic move not only solidifies Sika's presence in the rapidly evolving mortar market but also opens numerous cross-selling avenues through enhanced distribution networks and complementary manufacturing capabilities.
Understanding Chema's Contribution
Established over five decades ago, Chema has built a formidable reputation within the distribution channel, offering a broad spectrum of tile setting materials distinguished by their exceptional quality and user-friendly application. Customers across the region value Chema's efficient logistical framework, ensuring reliable supply chains alongside superior product offerings. The company's operations are supported by four state-of-the-art factories and seven warehouses, which guarantee extensive production and distribution throughout the nation.
Benefits of the Acquisition for Sika
This acquisition significantly enhances Sika's Building Finishing portfolio, allowing for exciting cross-selling opportunities. Sika's existing products, such as sealants, adhesives, liquid-applied membranes, and waterproofing solutions, align perfectly with Chema's offerings. Mike Campion, Sika's Regional Manager for the Americas, expressed his enthusiasm: “With our combined businesses, we have an excellent platform to accelerate our growth in Peru. The expanded product offering and geographic footprint will enable us to better serve new and existing customers with complete solutions throughout the entire region. We warmly welcome the Chema employees to our Sika family.”
Sika's Corporate Profile
Sika is recognized as a leading specialty chemicals company, excelling in the innovation and manufacturing of systems and products aimed at bonding, sealing, damping, reinforcing, and protecting within the construction and industrial sectors. With subsidiaries in 103 countries and more than 400 factories worldwide, Sika remains at the forefront of technological advancements in the industry. The company is dedicated to driving sustainable transformations in both construction and transportation, promoting environmental compatibility across its projects. Currently, Sika employs approximately 34,000 individuals and generated sales of CHF 11.2 billion in the last fiscal year.
Contact Information
If you have any inquiries, you can reach out to:
Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
Frequently Asked Questions
What does the acquisition mean for Sika?
The acquisition of Chema strengthens Sika's position in the mortar market and enhances its product offerings, creating more opportunities for growth.
How long has Chema been operating?
Chema has been in operation for over 50 years, establishing itself as a reputable manufacturer of tile setting materials.
What products will Sika expand through this acquisition?
Sika will expand its Building Finishing portfolio, integrating products such as sealants, adhesives, and waterproofing solutions alongside Chema's offerings.
How will Sika benefit from Chema's distribution channels?
Chema's established distribution network will allow Sika to reach a broader customer base and improve service delivery throughout Peru.
What is Sika's global presence?
Sika operates in 103 countries, with over 400 factories producing innovative construction technologies on a global scale.
