Acquisition set to substantially benefit two companies

by Ofentse Sefolo
Acquisition set to substantially benefit two companies

Sika has completed the acquisition of Parex on 23 May 2019. Sika and Parex are two strong companies that are highly complementary in product offering and channel penetration.

With this acquisition, Sika will expand its product portfolio for the building-finishing market, further strengthening its world-leader position in construction chemicals, and reaching sales in excess of CHF 8 billion for 2019.

Parex’ product offering includes facade mortars, tile adhesives and waterproofing mortars. With its strong, recognised brands, Parex is known for its comprehensive R&D expertise and technical excellence. The company is locally present in 23 countries, with key positions in eight core markets, and operates 74 plants around the world.

Parex’s strong position in distribution channels will open new business opportunities for Sika’s product range. In turn, Parex will gain access to Sika’s well-established direct sales channels, and Parex’s expertise in the facade and tile-setting business will allow Sika to participate in these growing and attractive market fields.

Tel: 031 792 6500
Website: www.sika.co.za

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