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Sika has agreed to acquire the assets of Duro-Moza, a Mozambique-based company, active in production and sales of specialised mortars and tile adhesives. The transaction will accelerate Sika Mozambique’s development and market penetration. Duro-Moza generated sales of CHF2M 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 2014. The acquisition will provide Sika Mozambique with immediate access to its own production facility and to an established customer base in the fast growing construction sector.
