Sika is acquiring JMTexsa, S.A. de C.V. of Mexico and Texsa India Ltd, two leading manufacturers of waterproofing membranes. Sika has signed an agreement to this effect with the French industrial group Soprema. The acquisitions strengthen Sika's growth strategy and accelerate the expansion in emerging markets. The companies being acquired generated annual sales of CHF 23 million in 2012 and have 100 employees.
The companies being acquired by Sika - JMTexsa, S.A. de C.V. of Mexico und Texsa India Ltd. - produce bituminous waterproofing membranes for the roofing market. As the world market leader in thermoplastic membranes, Sika thereby gains market access to the important roofing and waterproofing markets in Mexico and India.
The two factories - one in Altamira, Mexico, the other in Jaipur, India - will reinforce Sika's regional supply chains and provide an excellent base from which to develop and expand the markets in neighboring emerging economies.
Sika CEO Jan Jenisch: "These acquisitions enable us to further accelerate our growth strategy in the emerging markets. We gain two established production sites and obtain an excellent foundation for the development of the promising Mexican and Indian markets."
Upcoming dates:
Monday, July 29, 2013: Shareholder letter, Half-year report 2013 (Please note: Date is moved forward to the previous day)
Wednesday, October 30, 2013: Shareholder letter, Nine months 2013
Tuesday, January 14, 2014: Net sales 2013
Tuesday, March 4, 2014: Full-year results 2013; media conference/analyst presentation
| SIKA AG | Zugerstrasse 50 CH-6341 Baar, Switzerland www.sika.com | CONTACT TELEPHONE | Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com |
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals company. Sika supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, façades). Sika's product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Worldwide local presence in 80 countries and some 15 200 employees link customers directly to Sika and guarantee the success of all partners. Sika generated annual sales of CHF 4 829 million in 2012.
The media release can be downloaded from the following link:
