21/06/2020
announcement
We are delighted to announce that Sika Egypt acquired Modern Waterproofing company after closing of successful Tender Offer in Cairo Stock Exchange .
• Modern Waterproofing is a leading manufacturer of Bituminous Waterproof membrane with a proven track record of profitable growth.
• Modern Waterproofing was founded in 1953, engaged in manufacturing a wide range of bituminous torch-applied and self-adhesive waterproofing membranes.
• Sika is worldwide leader in the field of construction chemicals and industry since 1910 with a turnover more than CHF 8.1 Billion in 2019.
• Sika Egypt is 100% Swiss owned company, Market leader since 1985 in the field of Construction chemical products and systems like Concrete admixtures, Waterproofing, Flooring, Refurbishment, Sealing and Bonding adressing as well Industry markets such as automotive and marine production lines in Egypt.
With this acquisition, Sika Egypt and Modern Waterproofing will supply the Waterproofing and Roofing customers in Egypt and many export countries with the largest and best solutions and services in the market
We are excited to start working together and continue building our successful future.
We warmly welcome all employees and clients of Modern Waterproofing to Sika Egypt Family.
