ARX Equity Partners has entered into an agreement to exit portfolio company KVK via a sale to Sika AG. KVK operates six production sites in the Czech Republic – three for the manufacture of mortar products, two for bituminous membranes and one for expanded polystyrene insulation.
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 98 countries and manufactures in over 190 factories.
No financial details have been disclosed and completion of the transaction is subject to clearance by anti-trust authorities.