Sika Strengthens in Canada
Sika acquires Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada. Headquartered in Pont Rouge, close to Québec City, the complementary acquisition will open up new opportunities for Sika in the Eastern region of Canada and clearly improve Sika’s access to the retail distribution channel. The acquired business generates annual sales of CHF 20 million.
Sable Marco has established a strong distribution channel presence and a strong working relationship with major national and regional building material stores and do-it-yourself retail chains. The customer base is extremely complementary to Sika, and the acquisition will allow for the development of new high-potential customer relationships.
Sika Canada benefits from Sable Marco's one plant in the Québec City area, which provides logistical and strategic advantages. Sika will be able to expand its reach and better serve customers in the Eastern part of the country thanks to this new location. Cementitious products, mortars, polymeric sand, and other bagged materials are among Sable Marco's offerings.
Synergies will be generated by exploring cross-selling potential for Sika’s Target Markets Waterproofing and Building Finishing through additional channels, improved geographical access, as well as from the opportunities opening up in the growing polymeric sand category.
Christoph Ganz, Regional Manager Americas said "With the acquisition of Sable Marco, Sika Canada will expand its penetration with big boxes, home centers, and builders’ merchants which, in line with our strategic plan, will increase sales being generated through the distribution channel. We warmly welcome the Sable Marco employees to the Sika family and look forward to successfully developing our business together in the Canadian market."
Note: Content may be edited for style and length.
Source
