# Sika Egypt acquires Modern Waterproofing company

Sika Egypt acquired Modern Waterproofing company after closing a successful tender offer on the Cairo Stock Exchange. Modern Waterproofing is a manufacturer of bituminous waterproof membranes.

- Type: Acquisition
- Announced: 2020-06-21
- Where: Egypt
- Status: completed
- Products: bituminous waterproof membranes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Modern Waterproofing Company](https://endata.com/companies/47733.md) (target)
- [Sika Egypt](https://endata.com/companies/48015.md) (acquirer)

## Sources

- [egy.sika.com](https://egy.sika.com/en/sika-egypt-news/MWPC.html), 2020-06-21: "We are delighted to announce that Sika Egypt acquired Modern Waterproofing company after closing of successful Tender Offer in Cairo Stock Exchange."

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