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Cromar Building Products, a supplier of roofing products, has been acquired by Sika AG.
Yorkshire-based Cromar has established itself as one of the leading providers of flat and pitched roofing products serving the UK under well-known brands.
The product range and distribution network, as well as the manufacturing footprint, of Cromar, are highly complementary to Sika’s. This will enable Sika and Cromar to capitalise on market opportunities and compete within the roofing sector.
Mike Marshall, Managing Director of Cromar, said: “We have built a very successful business at Cromar and are grateful to all our employees, suppliers, customers and wider stakeholders who have supported us on our journey.
"We are excited to see the next stage of Cromar’s growth and development under the ownership of Sika, a business we believe shares similar values to ourselves and will help Cromar continue to go from strength to strength.
"We are excited to continue our growth under Sika’s ownership, which shares our commitment to innovation, quality, and customer satisfaction.”
Tom Forsyth, UK General Manager of Sika UK, added: “We are delighted to welcome the team from Cromar to the Sika family and this acquisition will help us further develop our activities in roofing distribution in the UK. Sika has extensive experience in the roofing sector, and we will bring this to Cromar to continue their journey of success”.
Christoph Ganz, Regional Manager EMEA at Sika, said: "Cromar perfectly complements our roofing business in the UK. With its established customer relationships and route to market in distribution, the acquisition provides a strong platform for further growth.
"We look forward to a successful joint future and would like to extend a very warm welcome to the Cromar employees as they join the Sika team."