Takeover strengthens position in the mortar market
Sika is expanding its presence in Scandinavia. The Zug-based speciality chemicals group has acquired the mortar manufacturer Marlon Tørmørtel from Brædstrup. Sika intends to utilise the capacities at the new site for the introduction of further products.
The Sika Group has acquired Marlon Tørmørtel A/S(Marlon) from Brædstrup. The family-owned company, which specialises in the production of mortar, has a highly automated plant and two warehouses, the globally active speciality chemicals group from Baar announced in a press release. The purchase price was not disclosed.
Marlon’s customer base consists mainly of construction companies, manufacturers of concrete elements and specialised processors. The mortar manufacturer also supplies the building materials trade. Sika plans to use the acquisition to expand its own presence in the mortar market. The Group also intends to increase production capacity in Brædstrup and expand the product range there.
“With our combined business activities and the expanded production capacities, we have an excellent basis to further accelerate growth in Denmark and the entire Scandinavian region,” said Christoph Ganz, Regional Manager EMEA at Sika, in the press release. “The acquisition strengthens our presence in the important mortar segment and offers us the opportunity to provide new and existing customers with comprehensive end-to-end solutions in an even more targeted manner.”