Speciality chemicals company Sika has announced the acquisition of Vinaldom, a supplier of concrete construction products in the Dominican Republic, for an undisclosed amount.
This move is set to bolster Sika's position in the market and pave the way for increased cross-selling opportunities across the Caribbean.
Vinaldom, a family-owned company, offers a diverse range of products, including concrete admixtures, fibres, adhesives, and sealants.
The acquisition marks a milestone for Sika, as it will incorporate a manufacturing facility in the Dominican Republic, where it previously lacked its own plant.
The addition of Vinaldom's manufacturing capabilities will mark Sika's sixth factory in the Caribbean, enhancing the company's regional footprint.
The partnership is expected to offer a wider array of durable and sustainable solutions, as well as improved delivery times.
Sika Americas regional manager Mike Campion said: “With Vinaldom we will be able to serve and supply our customers in the Dominican Republic even better. The increased access to a broader customer base, supported by local manufacturing, will contribute to further expansion in the Dominican market.
“We warmly welcome the Vinaldom employees to the Sika team and look forward to growing our business together.”
This move comes after Sika launched a new plant in Liaoning, China.
The facility will produce mortars, tile adhesives, and waterproofing solutions, enhancing efficiency and cutting logistical distances.
Last year, Sika completed the acquisition of MBCC Group, a supplier of construction chemicals and solutions.
