Sika makes binding offer to acquire Parex from CVC Fund V

Sika has made a binding offer to acquire Parex, a leading mortar manufacturer, from CVC Fund V for an enterprise value of CHF 2.5 billion. Parex operates 74 plants in 23 countries and generated sales of CHF 1.2 billion in 2018.

“Parex is an excellent company with well recognized brands and an impressive performance track record.”sika.com

• 3 sources
• sika.comSika Made Binding Offer to Acquire ParexPaul Schuler, CEO of SikaJan 8, 2019
• news.bloomberglaw.comSika CEO Honors M&A Pledge With $2.6 Billion French Mortar DealJan Dahinten, Andrew NoëlJan 8, 2019
• cen.acs.orgSika buys building-chemical rival ParexMarc S. ReischJan 12, 2019

Summarized from public sources; check the original articles before acting on it.