Sika acquires waterproofing products supplier Lwart Quimica in Brazil

Sika acquires waterproofing products company in Brazil

12:00 PM, 5th February 2014
Sika acquires Lwart Quimica

BAAR, SWITZERLAND: Sika has agreed to acquire Lwart Quimica Ltda, a renowned supplier of waterproofing products in Brazil. The acquisition strengthens Sika’s position in the Brazilian construction chemicals market and complements Sika’s geographical footprint in Brazil. Lwart Quimica Ltda operates with two highly recognized brands – Lwart Impermeabilizantes in the technical waterproofing segment and Ciplak Impermeabilizantes in the retail market – and serves a strong, well-established customer base.

The acquisition extends the product portfolio and strengthens Sika’s position in the Brazilian construction chemicals market. It also offers cross-selling opportunities, partly through the established professional contractor customer base and partly through the distribution channel.

“Lwart Química’s waterproofing range gives us an exciting platform for our future growth in the Brazilian construction market. We welcome the employees of Lwart Quimica to Sika and are confident that we will successfully develop the business together,” said Jan Jenisch, CEO, Sika.

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