Sika has agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition not only expands Sika's footprint in manufacturing but also offers substantial cross-selling opportunities by increasing its presence in the distribution channel.
Chema, a family-owned business, holds a strong position in the Peruvian mortar market with well-established brands. They offer a diverse range of tile adhesives, tile grouts, as well as other complementary products renowned for their high quality and ease of application.
The acquisition accelerates the development of Sika’s Building Finishing portfolio and significantly strengthens its presence in the distribution channel in Peru, providing exciting cross-selling opportunities for complementary products such as sealants,
adhesives, liquid applied membranes, and waterproofing products.
Chema’s manufacturing footprint perfectly complements the one of Sika Peru. With the combined presence, Sika will have a nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products throughout the country. The transaction is contingent upon clearance by the local anti-trust authorities.
Christoph Ganz, Regional Manager Americas, commented, “With our combined businesses and the improved market access, we will have an excellent platform to further grow and strengthen our presence in the Peruvian market.
The nationwide geographical footprint will support our strategic focus on big cities and enable us to better serve new and existing customers with complete solutions. We are looking forward to welcoming the Chema employees to the Sika family and are excited to develop our business together in the future.”
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