Sika expands in the Mexican market
Sika AG takes over Bexel Internacional SA de CV By taking over the Mexican manufacturer of tile adhesives and plastering mortars, the specialty chemicals group from Baar expects to gain access to a growing market for mortar products.
Sika AG expands in Central America and takes over Bexel Internacional SA de CV . The acquisition of the family company will significantly increase the production capacity of the producer of construction chemical product systems and industrial sealants and adhesives, according to a media release . Bexel achieved sales of 35 million francs in 2020.
Bexel has five production sites, including Mexico City, and primarily supplies hardware stores and building materials dealers. The takeover is intended to strengthen Sika's market position in this rapidly growing metropolitan region. In addition, Sika hopes that the purchase of Bexel will generate sales synergies for its products.
“Thanks to Bexel, we can ideally expand our geographical presence and our range on the large Mexican market for mortar products in the building finishing sector. So we have together, not least because of the improved market access, an excellent basis for further growth and a strong position in this market. We warmly welcome all new Bexel employees to the Sika team and look forward to a successful future together, ”said Christoph Ganz, Regional Manager Americas at Sika, in the press release.