immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Kanada

  • Acquisition makes Bauwerk the world market leader

    Acquisition makes Bauwerk the world market leader

    The Bauwerk Group acquired Somerset Hardwood Flooring from Somerset in the US state of Kentucky at the beginning of May. As a result of the takeover, Bauwerk is generating annual sales of around 400 million Swiss francs, making it the global market leader for quality parquet. The two transaction partners have agreed not to disclose the financial details of the takeover.

    With the takeover, Bauwerk intends to strengthen its own presence in the USA and Canada. The new acquisition, which specializes in solid parquet, can also benefit from Bauwerk’s expertise in multi-layer parquet, writes the Bauwerk Group. Somerset Hardwood Flooring will remain as a brand under the new owner. The brand will be managed by former Somerset Hardwood Flooring sales manager Paul Stringer.

    “With Somerset Hardwood Flooring we have found the ideal partner for the US expansion of the Bauwerk Group,” Patrick Hardy, CEO and President of the Bauwerk Group AG, is quoted in the press release. “All the requirements that we placed on an acquisition, such as a good market positioning, own production and a bond with values and employees, apply to Somerset Hardwood Flooring.”

  • Sika expands in Canada

    Sika expands in Canada

    Sika has announced the takeover of the Canadian building materials supplier Sable Marco in a media release . With this commitment, the specialty chemicals company wants to make sales in eastern Canada even more successful.

    Sable Marco is a leader in mortar and cement production. According to the press release, the company based in Pont-Rouge in the province of Québec has annual sales of 20 million francs.

    Sable Marco’s customer base fits Sika’s portfolio, they say. In addition, Sika can benefit from the “contacts to national and regional building material markets and DIY retail chains” and is taking an important step towards a “new customer base with high potential”.

    The cementitious products, mortar, polymer sands and other materials are produced in Greater Quebec. According to the announcement, the companies see synergies in the “cross-selling potential of the products that Sika offers in the target markets of waterproofing and building finishing”. Due to the geographic location, Sika sees opportunities for new sales channels in eastern Canada. In addition, the increasing demand for polymer sand products is conducive to cooperation.