Sika completes acquisition of Parex

摘要

Sika (Baar, Switzerland) has announced the completion of its acquisition of Parex (Issy-les-Moulineaux, France), originally announced in January. Parex is a manufacturer of mortar with annual sales of 1.2 billion Swiss francs ($1.2 billion) and a track record of proftable growth and attractive margins. The two companies are highly complementary in product ofering and channel penetration, according to Sika.