Expansion in the Caribbean market through the acquisition of a construction chemicals manufacturer
Sika has acquired construction chemicals manufacturer Vinaldom in the Dominican Republic. This acquisition strengthens Sika's position in the growth market and opens up new cross-selling opportunities through expanded production capacities and a larger product offering.
Sika has acquired the construction chemicals manufacturer Vinaldom, based in the Dominican Republic, according to a press release. The family-run company is a leader in the production of concrete admixtures, fibers, adhesives and sealants.
Vinaldom is Sika’s first plant in the Dominican Republic and its sixth in the Caribbean. The acquisition enables Sika to secure and expand its market position in the fast-growing Dominican market. The optimized production capacity, the larger customer base and the expanded product range will improve market access and open up “excellent cross-selling opportunities” for the company, according to the press release. “Thanks to improved access to a broader customer base and supported by local production, we will generate further growth in the Dominican market,” Mike Campion, Regional Head Americas, is quoted as saying.
According to the press release, growth drivers in the Dominican Republic industry are infrastructure projects in the areas of energy and transportation, commercial construction and tourism. Sika is ideally positioned in this dynamic future market to benefit from the growth trends.