# Sika completes acquisition of King Packaged Materials Company

Sika has completed the acquisition of King Packaged Materials Company, a Canadian manufacturer of dry shotcrete, mortars and concrete solutions, with annual sales of CHF 61 million and 180 employees.

- Type: Acquisition
- Announced: 2019-01-05
- Where: Boisbriand (QC), Brantford (ON), Sudbury (ON), Canada
- Value: $2.50B (61.0M CHF)
- Jobs: 180
- Status: completed
- Products: dry shotcrete, mortars, concrete solutions, grouts, repair and masonry mortars
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CVC](https://endata.com/companies/7977.md) (partner)
- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [King Packaged Materials Company](https://endata.com/companies/36521.md) (target)
- [Parex](https://endata.com/companies/36560.md) (target)

## Sources

- [can.sika.com](https://can.sika.com/en/ressource-center/news/king-is-now-a-sika-company.html), 2019-01-05: "Sika has officially completed the acquisition of King Packaged Materials Company, a large independent Canadian manufacturer of dry shotcrete, mortars and concrete solutions."
- [sakretecanada.com](https://www.sakretecanada.com/en/ressource-center/news/king-is-now-a-sika-company.html), 2019-01-05: "Sika has officially completed the acquisition of King Packaged Materials Company, a large independent Canadian manufacturer of dry shotcrete, mortars and concrete solutions."
- [concreteproducts.com](https://concreteproducts.com/index.php/2019/02/12/sika-loads-mortar-volume-in-2-5-billion-parex-deal/), 2019-02-12: "Sika AG will acquire the business, which reported 2018 sales of $1.1 billion, from a fund of CVC, a global private equity and investment advisory firm."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.