Sika acquires Peruvian manufacturer of mortar products
According to company information, Chema is a family-owned, high-performing business with strong, well-established brands in the Peruvian mortar market. The company provides a wide range of tile adhesives, tile grouts, as well as other complementary products. Chema has a strong presence in the distribution channel serving home centers, builders’ merchants, hardware stores, and smaller retailers. Four plants and seven warehouses allow a nationwide manufacturing and distribution coverage.
The acquisition is intended to accelerate the development of Sika’s Building Finishing portfolio and significantly strengthens its presence in the distribution channel in Peru, providing cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products. With the combined presence, Sika will have a nationwide manufacturing coverage that will enhance its ability to serve and supply customers with its products throughout the country. The transaction is subject to clearance by the local anti-trust authorities.