Add-on Acquisition • Building Materials

Sika Acquires Ronacrete

On October 18, 2016, Sika acquired building materials company Ronacrete

Acquisition Context
  • This is Sika’s 9th transaction in the Building Materials sector.
  • This is Sika’s 1st transaction in China.

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M&A Deal Summary

Date October 18, 2016
Target Ronacrete
Sector Building Materials
Buyer(s) Sika
Deal Type Add-on Acquisition

Target Company

Ronacrete

Hong Kong, China
Ronacrete (Far East) Ltd. is a manufacturer of repair mortars, tile adhesives and other specialty products for the construction industry.
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Buyer Overview 1

Buyer

Sika

Baar, Switzerland

Category Company
Founded 1910
Sector Chemicals
Employees33,998
Revenue 11.8B CHF (2024)
DESCRIPTION

Sika is a manufacturer of speciality chemicals for construction and industry. Information about divisions and products, technologies and stock performance. Sika was founded in 1910 and is based in Baar, Switzerland.


Deal Context for Buyer #
Overall 17 of 28
Sector: Building Materials 9 of 15
Type: Add-on Acquisition 17 of 28
Country: China 1 of 1
Year: 2016 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 FRC Industries

Tuscloosa, Alabama, United States

FRC Industries, Inc. is a producer of quality synthetic polypropylene fibers for concrete. FRC Industries, Inc. was established in 2001 and is headquartered in Tuscloosa, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Rmax Operating

Dallas, Texas, United States

Rmax Operating LLC engages in the production of polyiso insulation products for complete Building Envelope solutions (roofing and wall systems). Rmax has been a market leader in polyisocyanurate insulation technology for over 37 years. At its three strategic production locations (Dallas, Texas; Greer, South Carolina; and Fernley, Nevada) Rmax produces insulation products and accessories that are highly regarded and widely specified for both commerical and residential wall and roof applications throughout the US

Buy -