Sika expands in Canada
Sika takes over Sable Marco. With the acquisition of the manufacturer of mortar and cementitious products based near Québec, Sika intends to expand sales in eastern Canada.
Sika has announced the takeover of the Canadian building materials supplier Sable Marco in a media release . With this commitment, the specialty chemicals company wants to make sales in eastern Canada even more successful.
Sable Marco is a leader in mortar and cement production. According to the press release, the company based in Pont-Rouge in the province of Québec has annual sales of 20 million francs.
Sable Marco’s customer base fits Sika’s portfolio, they say. In addition, Sika can benefit from the “contacts to national and regional building material markets and DIY retail chains” and is taking an important step towards a “new customer base with high potential”.
The cementitious products, mortar, polymer sands and other materials are produced in Greater Quebec. According to the announcement, the companies see synergies in the “cross-selling potential of the products that Sika offers in the target markets of waterproofing and building finishing”. Due to the geographic location, Sika sees opportunities for new sales channels in eastern Canada. In addition, the increasing demand for polymer sand products is conducive to cooperation.