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Thursday, 18 July 2019
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Markets & companies

Sika buys construction chemicals company in South America

Thursday, 13 December 2012

Inatec has a strong position in the refurbishment, waterproofing and concrete admixtures market.

Sika reinforces its position in Latin America by acquiring Inatec in Paraguay. Source: jamie cross - Fotolia.com

Sika reinforces its position in Latin America by acquiring Inatec in Paraguay. Source: jamie cross - Fotolia.com

Switzerland-based Sika has agreed to acquire Inatec SRL in Paraguay. Inatec, a privately owned company with a strong position in the construction chemicals market, is located in Asunción with annual sales of CHF 7 million (CHF 1 = EUR 0.83). The company, founded in 1982, has a strong position in the refurbishment, waterproofing and concrete admixtures market and has manufacturing facilities in Asunción, the capital city of Paraguay.

Paraguay is a new country for the Swiss company and completes its already strong position in Latin America. With Inatec, Sika seeks to gain a leading position in the Paraguayan market and will benefit from the strong growth in the construction industry of Paraguay. The Swiss adhesives and construction chemicals producer will take part in this development and further leverage Inatec's sales channels with Sika's product range.

With this acquisition, Sika continues its strategy of investing in the emerging markets. As Jan Jenisch, CEO of Sika puts it: "We welcome Inatec into the Sika family and establish a new organization in Paraguay to benefit from the strong growth in this market. We are very excited to add another milestone in our Latin American strategy."

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