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.

© 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


Entegris to acquire ATMI for $1.15 billion

BILLERICA/DANBURY, US: Entegris Inc and ATMI have approved a definitive merger agreement under which Entegris will acquire ATMI for a total equity val ...

Read more
Aemetis increases capacity of biodiesel, refined glycerin facility in India

CUPERTINO, US: Aemetis Inc, an advanced fuels and renewable chemicals company, has upgraded its 50 million gallon per year capacity biodiesel and refi ...

Read more
Praxair acquires industrial gases distribution joint venture

DANBURY, US: Praxair Inc has completed the acquisition of its industrial gases distribution joint venture, Praxair Distribution Mid-Atlantic, LLC (PDM ...

Read more
Linde completes construction of specialty gases plant in Indiana, US

MURRAY HILL/NEW PROVIDENCE, US: Linde North America has completed its new specialty gases plant in Hammond, Indiana, US. The plant, representing a sig ...

Read more
Solvay to increase soda ash capacity in Wyoming, US

BRUSSELS, BELGIUM: Solvay plans to increase its annual production capacity of natural soda ash at its Green River plant in Wyoming, US by 150,000 metr ...

Read more
World Cancer Day 2014 - demystify the cancer myth

GENEVA, SWITZERLAND: World Cancer Day 2014, celebrated on 4 February 2014, will focus on last year’s campaign, World Cancer Declaration: Reduce ...

Read more