SIKA AG

Sika has agreed to acquire a leading ­mortar manufacturer in Hong Kong

Sika has agreed to acquire Ronacrete (Far East) Ltd., one of the leading suppliers of repair mortars, tile adhesives and other mortar products in Hong Kong. This acquisition is in line with the global expansion of the high-margin mortar business – a core component of Strategy 2018. The Ronacrete plant brings Sika’s mortar footprint to 89 factories worldwide.

Ronacrete is a leading manufac­turer of repair mortars, tile adhesives and ­other specialty products for the Hong Kong construction industry.

With its excellent technical expertise the company has built up a strong specification business over the last few decades and has established itself as a preferred partner for private and public key developers in Hong Kong. Ronacrete is based in Hong Kong and operates an efficient production facility in the neighbouring Guangzhou province.

Hong Kong is a mega city with a rising demand for refurbishment. The construction market is expected to grow by more than 5 % annually over the course of the next five years, also driven by an increase in public housing projects. By acquiring Ronacrete, Sika will extend its manufacturing footprint to better serve this market. The wider product range and improved market access will allow the combined businesses to fully participate in the growing Hong Kong construction market.

www.sika.com

x

Related articles:

Issue 2021-2 SIKA AG

Sika acquires mortar manufacturer in Russia

Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing...

more
Issue 2017-11 SIKA AG

Sika acquires leading manufacturer of waterproofing systems and mortars in the Czech Republic

Sika has agreed to acquire KVK Holding a.s, headquartered in Prague/Czech Republic, a leading manufacturer of waterproofing and roofing systems as well as a wide range of mortar products. KVK...

more
SIKA AG

Sika acquires leading manufacturer of waterproofing systems and mortars in the Czech Republic

Sika has agreed to acquire KVK Holding a.s, headquartered in Prague/Czech Republic, a leading manufacturer of waterproofing and roofing systems as well as a wide range of mortar products. KVK...

more

Sika made binding offer to acquire Parex

Sika has made a binding offer to acquire Parex from its current owner CVC Fund V. Parex is a leading manufacturer of mortar solutions including facade mortars, tile adhesives, waterproofing, and...

more
Issue 2021-3 SIKA AG

Sika acquires mortar manufacturer in Brazil

Sika has agreed to acquire Supermassa do Brasil Ltda, a mortar manufacturer which operates under the brand BR Massa in the Brazilian market. The acquisition will enhance Sika’s position in the...

more