ZURICH – Swiss chemicals group Sika AG (SIKA.S) has agreed to acquire Swedish mortar and construction solutions maker Finja, the companies said on Monday, in a move to strengthen its footprint in the Nordic region.
The acquisition of the family-owned firm, founded in 1957, will bolster Sika’s product portfolio and distribution network in Sweden, providing significant cross-selling opportunities. The deal, for which financial terms were not disclosed, is expected to close in the first quarter of 2026, pending regulatory approvals.
Finja, which reported net sales of approximately 60 million Swiss francs ($67.5 million), is a leading Swedish producer of dry mortars, floor leveling compounds, and facade systems. It operates two manufacturing sites in Sweden and has a strong sales network serving distributors, contractors, and architects.
“The acquisition of Finja will provide us with great opportunities to increase our presence in the Nordic construction markets,” said Christoph Ganz, Sika’s Regional Manager for Europe, Middle East and Africa. “We can leverage Finja’s extensive product range, wide distribution network, and innovative digital tools to unlock substantial cross-selling potential.”
The deal follows Sika’s recent acquisition of Denmark’s Marlon and is designed to create comprehensive coverage of the mortar segment across the Nordic region. Sika said the purchase would expand its production capacity and allow it to offer more locally produced solutions.
Finja’s expertise in low-carbon mortars and digital tools, such as environmental product declaration calculators, is expected to complement Sika’s sustainability-focused innovations in construction materials.
Sika, which employs more than 34,000 people globally, reported sales of 11.76 billion Swiss francs in 2024. The company specializes in products for bonding, sealing, and protection in the construction and manufacturing sectors.
($1 = 0.8888 Swiss francs)