Sika Expands Market Presence in Peru with Acquisition of Tile Setting Leader Chema

Sika Expands Market Presence in Peru with Acquisition of Tile Setting Leader Chema

(IN BRIEF) Sika has completed the acquisition of Chema, a leading Peruvian manufacturer of tile setting materials, strengthening its presence in the growing mortar segment. Founded over 50 years ago, Chema is known for its high-quality products and efficient distribution network, operating four factories and seven warehouses across the country. This acquisition significantly expands Sika’s Building Finishing portfolio and creates cross-selling opportunities with Sika’s other products, such as sealants and adhesives. Mike Campion, Sika’s Regional Manager for the Americas, expressed optimism about the growth potential this acquisition brings, welcoming Chema’s employees to the Sika family.

(PRESS RELEASE) BAAR, 6-Nov-2024 — /EuropaWire/ — Sika has successfully finalized its acquisition of Chema, a prominent manufacturer of tile setting materials in Peru, enhancing Sika’s foothold in the rapidly expanding mortar segment. This strategic move not only strengthens Sika’s market presence but also opens up significant cross-selling opportunities due to an enhanced distribution network and complementary manufacturing capabilities.

Established over 50 years ago, Chema is well-regarded for its extensive distribution network and a broad array of high-quality tile setting materials known for their ease of application. The company has built a loyal customer base that values its reliable supply chain and top-notch product offerings. Chema operates four state-of-the-art factories and seven warehouses, ensuring comprehensive manufacturing and distribution throughout the nation.

The acquisition will notably expand Sika’s Building Finishing portfolio, allowing for exciting cross-selling prospects with Sika’s existing range of products, which includes sealants, adhesives, liquid-applied membranes, and waterproofing solutions.

Mike Campion, Regional Manager for the Americas at Sika, expressed enthusiasm about the acquisition, stating, “By combining our businesses, we have created a robust platform to accelerate growth in Peru. The broadened product range and extended geographical reach will empower us to deliver comprehensive solutions to both new and existing customers across the country. We are excited to welcome the Chema team into the Sika family.”

This press release was authored to highlight Sika’s strategic acquisition of Chema and its implications for the company’s growth in the Peruvian market.

SIKA CORPORATE PROFILE

Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and the industry. Sika has subsidiaries in 103 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation industries toward greater environmental compatibility. With around 34,000 employees, the company generated sales of CHF 11.2 billion in 2023.

Media Contact:

Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SOURCE: Sika AG