Sika acquire roofing, waterproofing company in Mexico

Sika to acquire roofing, waterproofing company in Mexico

7:06 AM, 14th December 2017
Sika logo

BAAR, SWITZERLAND: Sika AG has agreed to acquire certain assets of Grupo Industrial Alce in Mexico. As a result, Sika will extend its range of solutions for roofing and waterproofing customers, and further expand its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.

The addition of Grupo Industrial Alce's well-known brands will reinforce Sika's position in key project management and specification selling. The product offerings of the two companies are highly complementary and will allow Sika to become market leader in bituminous membranes and number two in liquid-applied membranes in the fast-growing Mexican market.

Furthermore, the addition of the production facility located close to Mexico City results in a perfect geographical fit and is fully aligned with Sika's strategy to expand its presence and local supply chain in growing markets.  

"Already having a strong position in the distribution sales channels, the addition of the acquired highly recognized brands will increase our penetration into key projects and support our growth strategy. The added production capacity will also enable Sika Mexico to expand its portfolio of locally produced solutions for roofing and waterproofing. We welcome the new employees into the Sika team and look forward to growing our business together," said Jose Luis Vazquez, regional manager Latin America, 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


ExxonMobil completes acquiring interest in Mozambique block from Eni

IRVING, US: ExxonMobil Corporation has completed acquiring a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and ass ...

Read more
BASF’s Styropor packaging for conserving resources

LUDWIGSHAFEN, GERMANY: BASF SE said that it's customer Schaumaplast GmbH & Co KG, an internationally active manufacturer of moulded parts made fro ...

Read more
Chevron donates additional $2 million for Hurricane Harvey recovery

HOUSTON, US: Chevron Corporation (CVX) said that it has made additional contributions of more than $2 million as part of its long-term commitment to h ...

Read more
Clariant opens new catalysts office in Shandong, China

MUNICH, GERMANY: Clariant said that it is opening a new office for its catalysts business in Qingdao, Shandong Province, China. This will focus on pro ...

Read more
BASF opens first automotive coatings plant in Thailand

BANGKOK, THAILAND: BASF SE said that its coatings division has inaugurated a new automotive coatings plant at its Bangpoo manufacturing site, Samutpra ...

Read more
Hitachi settles capacitors antitrust litigation in US

TOKYO, JAPAN: Hitachi Chemical Co Ltd has settled with classes of indirect purchaser plaintiffs and direct purchaser plaintiffs in relation to the civ ...

Read more