Expansion in the mortar market through takeover in Peru
Sika has acquired the mortar company Chema in Peru. With this acquisition, Sika is aiming for growth in the dynamic market for mortar products and is creating new opportunities for cross-selling with related products from its portfolio.
Sika has acquired Chema in Peru, a manufacturer of products for tile laying. With this acquisition, the Baar-based speciality chemicals company is expanding its distribution channels in the Peruvian mortar market and expanding its production in the area of building finishing, according to a press release.
The acquisition opens up additional distribution channels and complementary production sites for Sika. This is associated with important opportunities for cross-selling with complementary products such as sealants, adhesives and liquid membranes. “The expanded product offering and geographic footprint will allow us to better serve new and existing customers across the country with complete solutions,” said Mike Campion, Regional Head Americas.
Chema has been in the business of distributing high-quality, easy-to-use tile installation products for more than 50 years with four modern manufacturing plants and seven warehouses worldwide. “The broad customer base appreciates the efficient logistics organisation and delivery reliability in combination with a top range of products and solutions,” it says.