I would like to congratulate everyone involved in the successful integration of Parex. After we closed the acquisition in May 2019, the integration is now officially completed. There are 23 countries with fully integrated teams that are working together to achieve great results.
We have exceeded our synergy guidance and delivered CHF 55 million annual synergies in 2020. The integration of nine brands is completed and 22 brands are with dual branding in the brand transitioning process and will be fully integrated in two to four years. We are preparing for further acquisitions and our teams are ready for the next major acquisition.
With Parex we have proved that we can do a fantastic job - let's do it again!
Sika AG published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 22:53:07 UTC.