Sika is to acquire Construction Technologies Australia (CTA), which supplies tile adhesives and associated mortar products in Australia.
CTA generated sales of CHF22m in 2014 and has 51 employees. By acquiring CTA, Sika will extend its manufacturing footprint to 79 factories worldwide.
The acquisition represents a further step in the expansion of Sika’s mortar business. With 31% growth in 2014, mortar is Sika’s strongest growing product areas.
