The leading building finishing mortar company Bexel Internacional S.A. de C.V. acquired by Sika Group. Mexico based Bexel is a leading manufacturer of tile adhesives and stuccos. The deal will strengthens Sikas position in the large, fast-growing Mexican mortar market and significantly extends its manufacturing footprint.
- Bexel enjoys an excellent reputation through its well-known brand and has a strong presence in the distribution channel, mostly focusing on home centers and builders merchants.
- Bexel operates five strategically located production plants which perfectly complement Sikas existing geographical footprint and further support the strategic focus on big cities.
- The new site serving Mexico City adds important production capacity, strengthening Sikas position in this fastgrowing metropolitan area.
The prominent deals and expansions by Sika are mentioned below:
July 2021: Sika had acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions. In the fast growing green/garden roof segment, Hydrotech is the clear North American market leader. The acquisition strengthens Sikas roofing and waterproofing portfolio, and complements Sikas sustainability focus.
April 2021: Sika announced to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries. The deal strengthen Sikas market position in Japan, increase market access to all major Japanese OEMs, and notably extend the product offering for sealing and bonding applications in the Japanese construction industry.
April 2021: In Qatar, Sika had expanded its production capacity for concrete admixtures and started manufacturing epoxy resins. Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika wants to exploit market potential and drive forward the focused expansion of its business in the region.
March 2021: Sika had acquired the flooring adhesives business of DriTac, a US-based floor covering adhesives company with an especially strong position in wood floor bonding. The acquisition will contribute to Sikas increased presence among floor covering installers and distributors, while accelerating Sikas expansion in the Interior Finishing market in the USA.
Sika AG, a specialty chemicals company is based in Switzerland. The company develops, produces, and sells products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company has subsidiaries in more than 100 countries.