Sika Acquires Tile Setting Materials Producer in Peru

Sika has acquired Chema, a producer of tile setting materials in Peru with operations throughout the whole country. Sika reports that the acquisition strengthens their position in the fast-growing mortar segment and offers significant cross-selling opportunities through increased distribution channel presence and a complementary manufacturing footprint.

Founded more than 50 years ago, Chema has a strong presence in the distribution channel, offering a comprehensive range of tile setting materials renowned for their high quality and ease of application. Sika reports that the wide customer base appreciates the efficient logistical organization and reliability of supply, coupled with a first-class product and solutions offering. Four modern factories and seven warehouses provide nationwide manufacturing and distribution coverage. The acquisition significantly expands Sika’s Building Finishing portfolio and provides exciting cross-selling opportunities with Sika’s complementary products such as sealants, adhesives, liquid-applied membranes, and waterproofing products.

"With our combined businesses, we have an excellent platform to accelerate our growth in Peru. The expanded product offering and geographic footprint will enable us to better serve new and existing customers with complete solutions throughout the whole country. We warmly welcome the Chema employees to our Sika family," said Mike Campion, Regional Manager Americas.

Source: Sika