Sika Acquires Strong Distribution Champion In Canada
Sika acquires Sable Marco Inc, a manufacturer of cementitious materials and mortars based in Pont-Rouge, near Quebec City. This new acquisition will open up new opportunities for Sika in the Eastern Canada region and will clearly improve Sika's access to the retail distribution channel.
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’s and the acquisitions will enable Sika to develop relationships with new high potential customers. Sable Marco operates one plant in the area of Québec City offering logistic and strategic benefits for Sika Canada. This location will allow Sika to expand the reach and better serve customers in the Eastern part of the country. The product range of Sable Marco includes cementitious products, mortars, polymeric sand, and other bagged materials. Synergies will be generated by exploring cross-selling potential for Sika’s Target Markets Waterproofing and Building Finishing through addtional channels, improved geographical access, as well as from the opportunities opening up in the growing polymeric sand category.
"With the acquisition of Sable Marco, Sika Canada will expand its penetration with big boxes, home centers, and builders merchants’ which, in line with our strategic plan, will increase the share of sales being generated through the distribution channel. We warmly welcome the Sable Marco employees to the Sika family and look forward to successfully developing our business together in the Canadian market." Christoph Ganz, Regional Manager Americas
Martin Nadeau, Executive Vice President - Residential Construction, Sika Canada: "The addition of Sable Marco will allow us to not only benefit from better logistics but also to offer the most complete product line in our market when Sika and Sakrete products are combined with those of Sable Marco.’’
Patrick Brière, President of Sable Marco: "I believe that Sika is an excellent company to keep Sable Marco going and I would like to thank all of Sable Marco's customers who have supported us over the years, as well as all the employees who have contributed to the success of our company.’’
SIKA CANADA: THE COMPANY AT A GLANCE:
Sika Canada is a wholly owned subsidiary of the Sika Group. The company develops and manufactures specialty construction products that provide a complete range of solutions for the building and civil engineering industry, including concrete repair, protection and structural reinforcement, sealing and bonding, waterproofing, admixtures and additives for concrete (RMC, precast concrete, shotcrete, etc.), industrial, commercial and institutional flooring and roofing systems. Sika Canada is also active in the home improvement and consumer solutions market with a range of specific products. The Industrial Products Division develops sealing, bonding and protection solutions for the railway, automotive, truck, industrial body and other OEM markets, windshield replacement, shipbuilding, appliances and equipment, fenestration, etc.
SIKA AG CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 9.24 billion in 2021.
Image: From left to right: Martin Nadeau, Executive Vice President - Residential Construction at Sika Canada, Patrick Brière, President Sable Marco, Marius Cantin, Vice President of Sable Marco, and Eric Boucher, Executive Vice President -Operations at Sika Canada.
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