Sika buys mortar manufacturer in Brazil
Sika buys Supermassa do Brasil Ltda in Brazil. The manufacturer of tile adhesive and facade mortar from the Minas Gerais region aims to give the Zug-based building materials group market advantages in the region. In addition, Sika has its first production site in Minas Gerais.
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Sika buys a mortar manufacturer in Brazil. With its BR Massa brand, Supermassa do Brasil Ltda has a strong market position in the Minas Gerais region, Sika explains in a statement on the takeover. It is intended to strengthen the presence of the Zug-based building materials group in hardware stores and specialist dealers in what is said to be one of the most important economic regions in Brazil. In addition, Sika is relying on being able to successfully offer other of its own products in conjunction with BR Massa products.
"With BR Massa we can further improve our customer service and our offer in the Minas Gerais region", Christoph Ganz, Regional Manager Americas, is quoted in the press release. “The increased presence in sales and the expanded local supply chain will make a significant contribution to the further penetration of the Brazilian market.” The takeover also gives Sika its first production site in the region.
The transaction will take place subject to the approval of the local antitrust authorities, Sika further informs in the announcement. No information is given there about the purchase price or further details about the takeover.
