Sika acquires waterproofing systems manufacturer in Czech Republic

Sika acquires waterproofing company in Czech Republic

6:39 AM, 5th September 2017
Sika logo

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

KVK operates six production sites - three for the manufacture of mortar products, two for bituminous membranes and one for expanded polystyrene insulation (EPS) for building envelope solutions. With these strategically located facilities, Sika will strengthen its production platform and expand its geographical footprint in the growing Czech market.

The product portfolio of KVK is highly complementary to Sika's and will allow the combined businesses to offer a comprehensive range of systems for the construction industry. Furthermore, KVK's strong relationships with major builders' merchants will allow Sika to significantly enhance its presence in the Czech market.

"KVK is a proven industry leader, with a product portfolio and geographical presence that will increase our market penetration and support our growth strategy. The acquisition also brings us manufacturing expertise for waterproofing and insulation solutions. We proudly welcome the KVK employees to the Sika team and are excited about growing our business together," said Ivo Schadler, regional manager EMEA, Sika.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


AkzoNobel opens new aerospace coatings facility in China

DONGGUAN, CHINA: AkzoNobel NV has opened a speciality coatings facility in Dongguan, China, committed to producing aerospace coatings for the North an ...

Read more
BASF completes acquisition of waterproofing systems supplier in US

MEXICO CITY, US: BASF SE has completed the acquisition of Grupo Thermotek, a leading waterproofing systems supplier based in Monterrey, Mexico. The co ...

Read more
DSM introduces novel material solution for hydrogen storage tanks

HEERLEN, NETHERLANDS: Royal DSM has introduced a material solution for high-pressure composite tanks for hydrogen storage in its continuing mission to ...

Read more
Covestro to develop bio-based resin for timber construction materials

LEVERKUSEN, GERMANY: Covestro AG working with four partners, is aiming to develop bio-based reinforcing layers for solid wood construction materials t ...

Read more
AkzoNobel confirms acquisition of Disa Technology

AMSTERDAM, NETHERLANDS: AkzoNobel NV has finalized the acquisition of French manufacturer Disa Technology (Disatech). The acquisition strengthens Akzo ...

Read more
Total sells remaining 15 pc stake in Gina Krog field to KUFPEC

PARIS, FRANCE: Total SA has signed an agreement to sell its remaining 15 percent interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum ...

Read more