BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Sika AG (SXYAY.PK, SKFOF.PK) has acquired Modern Waterproofing Group, a manufacturer of roofing and waterproofing systems in Egypt. It is based in Cairo with a production facility in Badr City. The company anticipates the expanded product portfolio will significantly strengthen its position in the Egyptian construction market.
Ivo Schädler, Regional Manager EMEA: 'Modern Waterproofing will enhance our market access to various customer segments both in direct sales and through the distribution channels. This will open up promising cross-selling opportunities in the area of waterproofing and roofing.'
Copyright RTT News/dpa-AFX