# Sika makes firm offer to acquire Parex for CHF 2.5 billion

Sika, a Swiss specialty chemicals group, has made a firm offer to acquire Parex, a leader in mortar solutions, from its current owner CVC for 2.5 billion Swiss francs. The acquisition will double Sika's mortar business to CHF 2.3 billion.

- Type: Acquisition
- Announced: 2019-09-01
- Where: Changshu, Suzhou, China, China
- Value: $2.52B (2.50B CHF)
- Status: announced
- Products: mortar solutions, façade mortars, tile adhesives, waterproofing mortars
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [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)
- [Parex](https://endata.com/companies/36560.md) (target)
- [Crevo-Hengxin](https://endata.com/companies/41954.md) (target)

## Sources

- [batirama.com](https://www.batirama.com/article/25584-sika-fait-une-offre-de-rachat-de-parex.html), 2019-09-01: "Sika, groupe suisse de chimie de spécialité a fait une offre ferme pour acquérir Parex, leader dans les solutions de mortier, auprès de son propriétaire actuel, CVC."
- [sika.com](https://www.sika.com/en/media/media-releases/archive/2019/sika-acquires-crevo-hengxin-in-china.html), 2019-09-09: "With the acquisition of Crevo-Hengxin, we will increase our know-how in this key technology, and expand our local production capabilities."
- [laliberte.ch](https://www.laliberte.ch/articles/sika-se-renforce-en-chine-avec-lacquisition-de-crevo-hengxin-614733), 2019-09-09: "L'acquisition de Crevo-Hengxin renforcera la présence du chimiste de la construction zougois sur l'important marché de l'Empire du Mileu."
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2068650/sika-acquires-chinese-silicones-seals-maker), 2019-09-11: "The outlook for the silicone sealants and adhesive market – and indeed for our business in China – is promising."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=36), 2019-10-03: "Sika recently announced that it has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications."

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