# Sika completes acquisition of Parex

Sika completed the acquisition of Parex, a leading mortar manufacturer with annual sales of CHF 1.2 billion, on May 23, 2019. The deal was announced on January 8, 2019.

- Type: Acquisition
- Announced: 2019-05-23
- Value: $2.60B
- Status: completed
- Products: facade mortars, tile adhesives, waterproofing mortars
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Parex](https://endata.com/companies/36560.md) (target)
- [Parry (ParexGroup)](https://endata.com/companies/39794.md) (target)

## Sources

- [sika.com](https://www.sika.com/en/media/media-releases/archive/2019/sika-completes-acquisition-of-parex.html), 2019-05-23: "With the acquisition we are bringing together two strong companies."
- [gbr.sika.com](https://gbr.sika.com/en/media/news/2019/sika-completes-acquisition-of-parex.html), 2019-05-23: "With the acquisition we are bringing together two strong companies."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/05/23/1841774/0/en/sika-completes-acquisition-of-parex.html), 2019-05-23: "With the acquisition we are bringing together two strong companies."
- [echemi.com](https://www.echemi.com/cms/47426.html), 2019-06-04: "Mergers and acquisitions have strengthened our alliance, and the business alliance between Paris and Sika has provided an excellent growth platform for both companies."
- [industrialinfo.com](https://www.industrialinfo.com/news/article/switzerlands-sika-acquires-parex-an-industrial-info-market-brief--274616), 2019-06-21: "With an investment of $2.6 billion, Swiss company Sika recently acquired adhesive and sealant producer Parex as part of its strategy for expanding its market."

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