Sika is acquiring Chema, a leading manufacturer of mortar products in Peru, primarily for tile installation, according to a media release. With this acquisition, the Baar-based specialty chemicals company is expanding its position in the South American country’s so-called building finishing sector, according to the release. The expansion of distribution channels will create “exciting opportunities for cross-selling complementary products such as sealants and adhesives, liquid membranes and waterproofing systems”, Sika said.
Chema’s four modern plants and seven warehouses ensured nationwide coverage of production and distribution. Chema achieved sales of the equivalent of CHF 50 million in 2022 with tile adhesives, grouts and other complementary products. The company supplies smaller specialist shops in addition to DIY shops and building material retailers.
“Through our joint business activities and improved market access, we have an excellent basis for further growth and a strong position in the Peruvian market,” Regional Head Americas, Christoph Ganz, is quoted as saying. “With the nationwide geographic presence, we strengthen our strategic focus on major cities and our offering of complete solutions for new and existing customers.”
