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February 4, 2014
Sika acquires waterproofing company in Brazil
Sika AG (Baar, Switzerland; www.sika.com)
has agreed to acquire Lwart Química Ltda., a supplier of waterproofing products in Brazil. The acquisition strengthens Sika’s position in the Brazilian construction chemicals market and complements Sika’s geographical footprint in Brazil. Last year Lwart Química generated net sales of CHF 33 million ($36.5 million).
Lwart Química Ltda. is a supplier of waterproofing products for the construction industry in Brazil, with a portfolio comprising over 300 specialized products. The company operates with two highly recognized brands - Lwart Impermeabilizantes in the technical waterproofing segment and Ciplak Impermeabilizantes in the retail market – and serves a strong, well-established customer base.
Including the newly acquired production plant in Lençóis Paulista, Sika now operates five factories in Brazil with a workforce of more than 700 employees. The acquisition extends the product portfolio and strengthens Sika’s position in the Brazilian construction chemicals market. It also offers cross-selling opportunities, partly through the established professional contractor customer base and partly through the distribution channel.