Sector News

Sika strengthens position in Mexico with asset acquisition

December 13, 2017
Chemical Value Chain

Sika said today that it has agreed to acquire certain assets of Grupo Industrial Alce in Mexico, extending Sika’s range of solutions for roofing and waterproofing customers, and further expanding its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.

The addition of Grupo Industrial Alce’s brands will reinforce Sika’s position in key project management and specification selling. The product offerings of the two companies are 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. The acquisition adds a production facility close to Mexico City.

“Already having a strong position in the distribution sales channels, the addition of the acquired 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,” said José Luis Vázquez, regional manager/Latin America:

By Natasha Alperowicz

Source: Chemical Week

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