Cuatrecasas advises Grupo Chema’s shareholders on the sale of 100% of their shares to Sika

Cuatrecasas, through its Lima office, has advised the shareholders of Grupo Chema on the sale of 100% of its shares to the Swiss company Sika.

The transaction must be approved by Indecopi, Peru’s antitrust authority. As a result, Sika strengthens its position in the fast-growing mortar market, offers great cross-selling opportunities through an increased presence in the distribution channel and significantly extends its manufacturing presence.

Grupo Chema is a family-owned business with a long history in the Peruvian mortar market, with strong and well-established brands. The company offers a wide range of tile adhesives and complementary products recognised for their quality and ease of application. In addition, it has a presence in the distribution channel, serving home centres, hardware stores, construction shops and smaller customers. Chema’s business also includes four modern plants and seven warehouses that allow for nationwide manufacturing and distribution coverage.

Sika is a Swiss-based specialty chemicals company with a presence in 103 countries, dedicated to the development and production of systems and products for bonding, sealing, damping, reinforcement and protection in the construction and motor vehicle industries.

Cuatrecasas’ team was led by managing partner Oscar Trelles (pictured), with support from partner Juan Pablo Porto and associates María Fe Alvarez, Stephanie Torres, Alisson Galvez and Jorge Saldaña.

Estudio Echecopar acted as counsel to the buyers through partner Liliana Espinosa, principal associate Fernando Sam, senior associate Katherine Zapata and associate Luis Enrique Baca.