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Sika acquires mortar manufacturer in Russia 10:51 AM, 16th February 2021 Sika head office in Switzerland. (File Photo)
BAAR, SWITZERLAND: Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing portfolio and geographical footprint. The acquired business generates annual sales of CHF 15 million.
Kreps is a well-known local brand with a strong presence in the distribution channels, providing Sika with improved access to major home centers and builders merchants. The combination of Sika s technical know-how and direct sales approach with Krep s developed distribution network and production base will enable Sika to expand the local supply chain and better penetrate the market.