# Sika acquires Parex

Swiss chemicals company Sika has acquired Parex, a producer of mortars for the construction industry with annual sales of £945 million. The acquisition more than doubles Sika's mortars business.

- Type: Acquisition
- Announced: 2019-07-16
- Status: announced
- Products: facade mortars, tile adhesives, waterproofing mortars
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [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)

## Sources

- [theconstructionindex.co.uk](https://www.theconstructionindex.co.uk/news/view/sika-scoops-up-parex), 2019-07-16: "Sika’s acquisition of Parex provides a major growth opportunity for both organisations."
- [glassbytes.com](https://glassbytes.com/2019/08/sika-sees-growth-in-first-half-of-2019/), 2019-08-05: "We are enjoying a significant boost to growth thanks to the Parex acquisition, and are well on track to exceed the sales mark of 8.225 billion USD."

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