Acquisition Duro-Moza in Mozambique

Sika has agreed to acquire the assets of Duro-Moza, a Mozambique based company active in production and sales of specialized mortars and tile adhesives. The transaction will accelerate Sika Mozambique’s development and market penetration. Duro-Moza generated sales of CHF 2 million in 2014.

Duro-Moza has developed a comprehensive product range covering plasters, tile adhesives, dry shakes, grouting and concrete repairs. The company is located in the capital city of Maputo and has established a strong position in the promising Mozambique market.

Sika founded its own subsidiary in Mozambique in...