Swiss company Sika acquires Grupo Chema

Cuatrecasas has advised the shareholders of Grupo Chema on selling their entire shareholding to the Swiss company Sika. The acquisition strengthens Sika’s position in the fast-growing mortar market and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint. The transaction is subject to clearance by Indecopi, Peru’s National Consumer Protection Authority.

Grupo Chema is a family business with extensive experience and strong, well-established brands in the Peruvian mortar market. The company provides a wide range of tile adhesives and complementary products renowned for their high quality and ease of application. Chema has a strong presence in the distribution channel serving home centers, builders’ merchants, hardware stores, and smaller retailers. Four modern plants and seven warehouses allow a nationwide manufacturing and distribution coverage.

Sika is a specialty chemicals company headquartered in Switzerland and present in 103 countries. It is a global leader in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicle industries.

“We are delighted to have advised the sellers on this strategic transaction that reflects the attraction of the building industry in Peru,” Oscar Trelles, managing partner of the Cuatrecasas office in Lima and leader of this the transaction, said. “The agreement involved complex legal, tax and regulatory aspects, and required close coordination and teamwork between the parties and their advisors.”

The Cuatrecasas advisory team also included our partner Juan Pablo Porto and associates María Fe Álvarez, Stephanie Torres, Alisson Gálvez and Jorge Saldaña. Estudio Echecopar served as counsel to the buyers.