Sika acquires Peruvian manufacturer of mortar products
Sika has agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition strengthens Sika’s position in the fast-growing mortar market.
According to company information, Chema is a family-owned, high-performing business with strong, well-established brands in the Peruvian mortar market. The company provides a wide range of tile adhesives, tile grouts, as well as other complementary products. Chema has a strong presence in the distribution channel serving home centers, builders’ merchants, hardware stores, and smaller retailers. Four plants and seven warehouses allow a nationwide manufacturing and distribution coverage.
Cross-selling opportunities
The acquisition is intended to accelerate the development of Sika’s Building Finishing portfolio and significantly strengthens its presence in the distribution channel in Peru, providing cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products. 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 subject to clearance by the local anti-trust authorities.
