Sika agrees to acquire KVK Holding
Baker McKenzie advised Sika, a manufacturer of speciality chemicals, on its acquisition of Prague, Czech Republic headquartered KVK Holding, from private equity firm Arx Equity Partners. KVK is a leading manufacturer of waterproofing and roofing systems and mortar products with 2016 revenues of EUR 40 million.
This highly complementary acquisition will help Sika strengthen its production platform and expand its geographical footprint in the Czech market.
The Baker McKenzie team advising Sika was led by Prague-based partner Tomáš Skoumal, and consisted of Prague based partner Pavel Fekar, associate Michal Simčina and several junior associates.
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and automotive industry. Sika has subsidiaries in 99 countries around the world and manufactures in over 190 factories. Its more than 17,000 employees generated annual sales of CHF 5.75 billion in 2016.