Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With annual sales of CHF 1.2 billion, Parex is a leading mortar manufacturer with an impressive track record of profitable growth and attractive margins. Sika and Parex are two strong companies that are highly complementary in product offering and channel penetration. With this acquisition, Sika will expand its product portfolio for the building finishing market, further strengthening its world leader position in construction chemicals, and reaching sales in excess of CHF 8 billion for 2019.

Parex’ product offering includes facade mortars, tile adhesives, and waterproofing mortars. With its expertise in mortar solutions for renovation and new builds, Parex participates in all phases of the construction life cycle.

Parex has a particularly strong presence in distribution channels, especially in China, where Parex has built up a network of over 90,000 points of sale. With its strong, recognized brands, Parex is known for its comprehensive R&D expertise and technical excellence. The company is locally present in 23 countries, with key positions in 8 core markets, and operates 74 plants around the world.

On May 27th Sika welcomed new our colleagues from Parex – Mova at Bac Ninh factory. Mova was established in 2007, has 2 Branches (Ha Noi and Ho Chi Minh). Mova have strong distribution network and actively working on the projects in the North and Center market. The key products in Vietnam are construction mortar, facade mortar, skimcoat, tile adhesive, tile grout.

Once again, Sika warmly welcomes Parex-Mova to the Sika family and a Bright Future