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SIKA ACQUIRES MORTAR COMPANY IN DENMARK AND LAYS THE FOUNDATION FOR ACCELERATED GROWTH
Globenewswire· 2025-10-01 05:00
Core Insights - Sika has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark, which will enhance Sika's growth platform in the Nordics and provide opportunities for market expansion and cross-selling [1][2] Group 1: Acquisition Details - The acquisition of Marlon will significantly expand Sika's presence in the mortar segment and strengthen relationships with Nordic distributors and contractors [2] - Marlon is recognized for its strong product portfolio and customer service, specializing in mortars for contractors and concrete element manufacturers [1] - The acquisition allows Sika to increase production capacity and introduce a wider range of locally produced solutions, driving growth in Denmark and other Nordic countries [2] Group 2: Operational Benefits - The well-situated site of Marlon will enable shorter transport distances, consolidation of warehouses, and optimization of capacity utilization, leading to cost efficiencies and improved customer proximity [2] - Marlon's efficient supply chain and automated manufacturing facility provide a basis for significant capacity expansion [1] Group 3: Strategic Vision - Christoph Ganz, Regional Manager EMEA, emphasized that the combined businesses will create an excellent platform for accelerated growth in Denmark and the Nordic region [3] - The acquisition will enhance Sika's ability to serve both new and existing customers with complete solutions in the large mortar segment [3] Group 4: Company Profile - Sika is a specialty chemicals company with a leading position in the development and production of systems and products for the building sector and industrial manufacturing, generating sales of CHF 11.76 billion in 2024 [4]
SIKA ACQUIRES RENOWNED CONSTRUCTION CHEMICALS COMPANY IN QATAR
Globenewswire· 2025-06-27 05:00
Group 1: Acquisition Overview - Sika has acquired Gulf Additive Factory LLC in Qatar, enhancing its presence in the rapidly growing construction market [1][2] - Gulf Additive Factory is known for high-quality construction chemical products, including concrete admixtures and facade systems [2][3] Group 2: Strategic Benefits - The acquisition allows Sika to leverage GAF's modern manufacturing site to expand operations and drive growth in Qatar and neighboring regions [3] - Sika's existing product portfolio combined with locally produced additions positions the company to meet the rising demand for energy-efficient construction solutions [3] Group 3: Market Outlook - The construction market in Qatar is projected to grow at a CAGR of over 4% until 2028, driven by significant investments in various sectors [4] - Qatar National Vision 2030 aims to diversify the economy while focusing on social and environmental development, supporting the positive market outlook [4] Group 4: Company Profile - Sika is a leading specialty chemicals company with a global presence, operating in 102 countries and producing innovative technologies in over 400 factories [5] - In 2024, Sika generated sales of CHF 11.76 billion and employs more than 34,000 people [5]