Sika Acquisition of Sable Marco Strengthens Access to Distribution Channel in Canada
Sika has acquired Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada. Headquartered in Pont Rouge, close to Québec City, the complementary acquisition is expected to open up new opportunities for Sika in the eastern region of Canada and improve Sika’s access to the retail distribution channel. The acquired business generates annual sales of CHF 20 million (approximately $21.8 million).
According to Sika, Sable Marco has built up a strong presence in the distribution channel and an excellent relationship with major national and regional building material stores and DYI retail chains. The customer base is highly complementary to Sika, and the acquisition will enable the development of relationships with new high-potential customers.