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Sika acquires leading producer of tile adhesives and stuccos in Mexico

August 13/2021

MOSCOW (MRC) -- Sika, a producer of construction chemicals, acquires Bexel Internacional S.A. de C.V., a leading manufacturer of tile adhesives and stuccos in Mexico, as per the company's press release.

The acquisition strengthens Sikas position in the large, fast-growing Mexican mortar market and significantly extends its manufacturing footprint. In 2020, the acquired company generated sales of CHF 35 million.

Bexel is a family-owned, well-run business which has successfully built up a strong position in the Mexican Building Finishing mortars market. The company enjoys an excellent reputation through its well-known brand and has a strong presence in the distribution channel, mostly focusing on home centers and builders merchants.

Bexel operates five strategically located production plants which perfectly complement Sikas existing geographical footprint and further support the strategic focus on big cities. The new site serving Mexico City adds important production capacity, strengthening Sikas position in this fastgrowing metropolitan area. With the combined presence, Sika now has a nationwide manufacturing coverage for mortars that will enhance its ability to serve and supply customers with its products throughout the country.

The acquisition strengthens Sikas Building Finishing portfolio and distribution network in Mexico, providing interesting cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products.

As MRC reported earlier, in July 2021, Sika acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions. In the fastgrowing green/garden roof segment, Hydrotech is the clear North American market leader. The acquisition strengthens Sikas roofing and waterproofing portfolio, and complements Sikas sustainability focus. In 2020, the acquired company generated sales of CHF 83 million.

And in November 2020, Sika commissioned a manufacturing facility in Dubai, United Arab Emirates (UAE), which produces epoxy resins aimed at flooring solutions. Sika has decided to invest in the expansion of its manufacturing facilities at the Dubai site in order to increase flexibility in production, shorten delivery times, optimize cost structures, and reduce inventories.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.


mrcplast.com
Author:Margaret Volkova
Tags:adhesives, construction, membranes, Sika, sustainable development, Canada, Mexico, United Arab Emirates (UAE).
Category:General News
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