# Sika acquires Chema, a mortar manufacturer in Peru

Sika has agreed to acquire Chema, a leading manufacturer of tile setting materials in Peru. The business generated sales of CHF 50 million in 2022 and includes four plants and seven warehouses.

- Type: Acquisition
- Announced: 2023-08-07
- Where: Peru, Peru
- Status: announced
- Products: tile adhesives, tile grouts, mortar
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Chema](https://endata.com/companies/71876.md) (target)

## Sources

- [sika.com](https://www.sika.com/en/media/media-releases/archive/2023/sika-acquires-chema.html), 2023-08-07: "With our combined businesses and the improved market access, we will have an excellent platform to further grow and strengthen our presence in the Peruvian market."
- [zonadepinturas.com](https://www.zonadepinturas.com/novedades/ultimas-noticias/21-empresas/13778-chema-fabricante-peruano-de-aditivos-es-adquirido-por-sika.html), 2023-08-15: "Esta adquisición refuerza la posición de Sika en el mercado de morteros, el cual tiene un rápido crecimiento y proporciona importantes oportunidades de venta cruzada, a través de una mayor presencia en el canal de distribución."

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