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Wednesday, 16 October 2019
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Markets & companies

Construction chemicals: Sika strengthens position in Brazil through acquisition

Wednesday, 5 February 2014

Sika has agreed to acquire Lwart Química Ltda., a renowned supplier of waterproofing products in Brazil.The acquisition strengthens Sika’s position in the Brazilian construction chemicals market and complements the company’s geographical footprint in Brazil.

The acquisition extends the product portfolio and strengthens Sika’s position in the Brazilian construction chemicals market. Source: raven - Fotolia.com
The acquisition extends the product portfolio and strengthens Sika’s position in the Brazilian construction chemicals market. Source: raven - Fotol...

Lwart Química Ltda. is a supplier of waterproofing products for the construction industry in Brazil, with a portfolio comprising over 300 specialized products. The company operates with two highly recognized brands - "Lwart Impermeabilizantes” in the technical waterproofing segment and "Ciplak Impermeabilizantes” in the retail market – and serves a strong, well-established customer base. Last year Lwart Química generated net sales of CHF 33 million (CHF 1 = EUR 0.82).

Including the newly acquired production plant in Lençóis Paulista, the Sika now operates five factories in Brazil with a workforce of more than 700 employees. The acquisition extends the product portfolio and strengthens Swiss company’s position in the Brazilian construction chemicals market. It also offers cross-selling opportunities, partly through the established professional contractor customer base and partly through the distribution channel. Sika CEO Jan Jenisch: "Lwart Química’s waterproofing range gives us an exciting platform for our future growth in the Brazilian construction market.”

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