# Sika agrees to acquire Kreps LLC in Russia

Sika has agreed to acquire Kreps LLC, a Russian mortar manufacturer with plants in Saint Petersburg and Yekaterinburg, generating annual sales of CHF 15 million. The transaction is subject to anti-trust clearance.

- Type: Acquisition
- Announced: 2021-02-12
- Where: Saint Petersburg and Yekaterinburg, Russia, Russia
- Value: $16.8M (15.0M CHF)
- Status: announced
- Products: mortars, tile adhesives, plasters, floor leveling compounds
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Parex](https://endata.com/companies/36560.md) (target)
- [Kreps LLC](https://endata.com/companies/53207.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/170300/sika-acquires-russian-mortar-company.html), 2021-02-12: "Kreps provides a wide product portfolio and extended geographical footprint for mortars in the Russian Federation."
- [eulawlive.com](https://eulawlive.com/acquisition-of-parex-by-sika-approval-decision-published/), 2021-04-13: "The Commission concluded that the proposed acquisition would raise no competition concerns"

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