Sika has acquired JMTexsa in Mexico and Texsa India Ltd. in India to expand its market presence in the roofing and waterproofing sectors in these emerging markets.
Target Company Overview
Sika has agreed to acquire JMTexsa, S.A. de C.V. in Mexico and Texsa India Ltd., both of which specialize in the production of bituminous waterproofing membranes specifically designed for the roofing market. This acquisition positions Sika, already the global leader in thermoplastic membranes, to significantly enhance its foothold in two vital markets: Mexico and India.
The facilities located in Altamira, Mexico, and Jaipur, India, are expected to strengthen Sika’s regional supply chains. These factories not only bolster existing operations but also serve as strategic bases for expansion into emerging markets across the region.
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Industry Overview in Mexico and India
The roofing and waterproofing industry in Mexico is witnessing steady growth, driven by increased construction activities in both residential and commercial sectors. Factors such as urbanization, rising disposable income,
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Sika
invested in
JMTexsa, S.A. de C.V. and Texsa India Ltd.
in
in a Buy & Build / Roll-Up deal