SIKA AG

Sika acquires Chema – a leading mortar manufacturer in Peru

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 and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint. In 2022, the business to be acquired generated sales of CHF 50 million.

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 renowned for their high quality and ease of application. Chema has a strong presence in the distribution channel serving home centers, builders’ merchants, hardware stores, and smaller retailers. The wide, loyal customer base appreciates the efficient logistic organization and reliability of supply coupled with a top product offering. Four modern plants and seven warehouses allow a nationwide manufacturing and distribution coverage.

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 subject to clearance by the local anti-trust authorities.

www.sika.com

Related articles:

2/2021 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
3/2021 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
3/2022 SIKA AG

Sika strengthens access to the distribution channel 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...

more
7-8/2019 SIKA AG

Sika completes acquisition of Parex

Sika has completed the acquisition of Parex on 23.05.2019. The deal was announced on 08.01.2019. With annual sales of CHF 1.2 billion, Parex is a leading mortar manufacturer with an impressive track...

more
12/2016 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...

more