Sika to purchase tile adhesives manufacturer in Hong Kong

HONG KONG, CHINA: Sika AG has agreed to purchase Ronacrete (Far East) Ltd, one of the leading suppliers of repair mortars, tile adhesives and other mortar products in Hong Kong. This procurement is in accordance with the worldwide extension of the high-margin mortar business – a centre part of Strategy 2018. The Ronacrete plant brings Sika’s mortar impression to 89 factories worldwide.

By buying Ronacrete, Sika will extend its business footprint to better serve this market. The broader product variety and better market access will permit the joint businesses to completely participate in the growing Hong Kong construction market.

Ronacrete with its outstanding technical expertise it has developed a strong requirement business in a course of few decades and has recognised itself as an ideal partner for private and public key developers in Hong Kong. Ronacrete is situated in Hong Kong and works an effective production facility in the neighbouring Guangzhou province.

“The procurement will provide us with access to new market channels and a comprehensive mortar range with an established market position. We respect the Ronacrete workers to the Sika group and anticipate developing our business together,” said Heinz Gisel, regional manager Asia/Pacific.

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