The Swiss parent of New Jersey-based admixture and construction products supplier Sika Corp. projects a second or third quarter closing on Parex, a key player in façade, technical and waterproofing mortars, plus tile adhesives. Sika AG will acquire the business, which reported 2018 sales of $1.1 billion, from a fund of CVC, a global private equity and investment advisory firm.
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Sika bulks up mortar volume in $2.5 billion deal for Parex
Sources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent of New Jersey-based admixture and construction products supplier Sika Corp. projects a second or third quarter closing on Parex, a key player in facade, technical and waterproofing mortars, plus tile adhesives. Sika AG will acquire the business, which reported 2018 sales of $1.1 billion, from a fund of CVC, a global private equity and investment advisory firm.
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