Sika founded its own subsidiary in Mozambique in 2014. The acquisition of Duro-Moza is intended to provide Sika Mozambique with an ideal start in the market, giving immediate access to its own production facility and to an established customer base in the fast-growing construction sector. Maputo-based Duro-Moza generated sales of CHF2m (£1.5m) in 2014 from a range that includes plasters, tile adhesives, grouting and concrete repairs.
Sika’s regional head Paul Schuler said: “This acquisition is the first acquisition in Africa and will provide us with a solid platform from which to expand further in the region. We welcome the new employees on board and look forward to developing the business together.”
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