# Sika acquires Modern Waterproofing Group in Egypt

Sika has acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. The acquired business generates annual sales of CHF 26 million and is based in Cairo with a production facility in Badr City.

- Type: Acquisition
- Announced: 2020-06-08
- Where: Cairo / Badr City, Egypt, Egypt
- Status: completed
- Products: roofing systems, waterproofing systems, modified bitumen membranes, liquid coatings, insulation boards
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Modern Waterproofing Company](https://endata.com/companies/47733.md) (target)

## Sources

- [sika.com](https://www.sika.com/en/media/media-releases/archive/2020/sika-acquires-modern-waterproofing-group-egypt.html), 2020-06-08: "Sika has acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt."
- [gcc.sika.com](https://gcc.sika.com/en/media/media-releases/2020/sika-acquires-modern-waterproofing-group-egypt.html), 2020-06-08: "Modern Waterproofing will enhance our market access to various customer segments both in direct sales and through the distribution channels."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=31), 2020-06-09: "The acquisition reportedly supplements and rounds off the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian construction market."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=32), 2020-09-02: "Sika recently announced that it has acquired Modern Waterproofing Group, a manufacturer of roofing and waterproofing systems in Egypt."

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