Strategic takeover strengthens mortar business in Northern Europe
Sika, which is active in speciality chemicals, is acquiring Finja Betong AB, a Swedish mortar manufacturer. The transaction gives Sika a strong basis for expansion in Northern Europe, creates cross-selling potential and strengthens its production capacities.
Sika is acquiring Finja Betong, a manufacturer of dry mortars, floor levelling compounds and façade systems based in Finja, Sweden. Together with the recently completed acquisition of the Danish mortar manufacturer Marlon, Sika thus achieves comprehensive coverage of the mortar segment in the Northern European countries, according to a press release.
This will open up new cross-selling potential for Sika in the future, as the product portfolios and customer bases of the two companies complement each other. As Finja has recently invested in increasing the efficiency and capacity of production at its two sites, Sika will benefit from this expansion and aims to offer its Northern European customers a broader range of locally manufactured solutions. Finja’s expertise in low CO2 mortars, cold climate solutions and state-of-the-art digital product selection tools will strengthen the combined offering and provide Sika with a solid base for expansion across different market segments.
“The acquisition of Finja provides us with excellent opportunities to strengthen our presence in the Northern European construction markets,” said Christoph Ganz, Regional Manager EMEA at Sika. “With our global expertise and strong organisation, we can leverage Finja’s extensive product range, broad distribution network and innovative digital tools to unlock significant cross-selling potential and generate customer benefits. We look forward to warmly welcoming the Finja team to the Sika family and developing our business together in the future.”
The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026.
Sika is a speciality chemicals company focused on systems and products for bonding, sealing, damping, reinforcing and protecting in construction and industry. Sika has a global presence with over 400 factories in 102 countries and employs more than 34,000 people.