CTA generated sales of CHF22m in 2014 and has 51 employees. By acquiring CTA, Sika will extend its manufacturing footprint to 79 factories worldwide.
Distribution of CTA's products in New Zealand will transfer to Sika (NZ). Managing Director Troy Hogan, and other key members of the CTA team, will stay on with Sika.
The acquisition represents a further step in the expansion of Sika's mortar business. With 31% growth in 2014, mortar is Sika's strongest growing product areas.
Heinz Gisel, head of region Asia/Pacific: “With the acquisition of CTA we will expand and complement our mortar range in Australia as well as gain access to new market channels. We welcome the new employees on board and look forward to developing the business together.”