Sika recently announced that it has acquired Bexel Internacional S.A. de C.V., a leading manufacturer of tile adhesives and stuccos in Mexico. The acquisition reportedly strengthens Sika’s position in the large and fast-growing Mexican mortar market, significantly extending its manufacturing footprint. In 2020, Bexel generated sales of CHF 35 million (approximately $37.9 million).
Bexel operates five strategically located production plants that complement Sika’s existing geographical footprint and further support the strategic focus on big cities. The new site serving Mexico City adds important production capacity, strengthening Sika’s position in this fast-growing metropolitan area. With the combined presence, Sika reports that it now has a nationwide manufacturing coverage for mortars that will enhance its ability to serve and supply customers with its products throughout the country.
“Bexel perfectly complements our geographical footprint and our offering for the large Mexican Building Finishing mortars market,” said Christoph Ganz, regional manager, Americas. “With our combined businesses and the improved market access, we have an excellent platform to further grow and strengthen our position in this market. We warmly welcome the Bexel employees to the Sika family and look forward to growing our business together.”
Learn more about Sika at www.sika.com.