SIKA ACQUIRES LEADING MANUFACTURERS OF WATERPROOFING MEMBRANES IN MEXICO AND INDIA Montag, 15. Juli 2013 - 06:04
SIKA ACQUIRES LEADING MANUFACTURERS OF WATERPROOFING MEMBRANES IN MEXICO AND INDIA
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 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