Czech Republic: Sika has agreed to acquire KVK Holding, a manufacturer of waterproofing and roofing systems, including insulation products and a range of mortar products. The transaction is subject to clearance by anti-trust authorities. KVK operates six production sites: three for the manufacture of mortar products, two for bituminous membranes and one for expanded polystyrene insulation (EPS) for building envelope solutions. With these facilities Sika will strengthen its production platform and expand its geographical footprint in the growing Czech market. KVK’s relationships with major builders’ merchants will also allow Sika to enhance its presence in the Czech market.
“KVK is a proven industry leader, with a product portfolio and geographical presence that will increase our market penetration and support our growth strategy. The acquisition also brings us manufacturing expertise for waterproofing and insulation solutions,” said Ivo Schädler, Regional Manager EMEA.
