May 4, 2021
Sika agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co.
Hamatite, based in Japan, offers adhesives and sealants to the automotive and construction industries. The acquisition will significantly strengthen Sika’s market position in Japan, increase market access to all major Japanese OEMs, and notably extend the product offering for sealing and bonding applications in the Japanese construction industry, say company officials. Headquartered in Tokyo, the business generates annual sales of $175 million. The transaction is subject to clearance by anti-trust authorities.
Paul Schuler, CEO of Sika, says, “The acquisition fits perfectly with our growth strategy. Hamatite brings leading technology, know-how, and skilled people that will accelerate Sika’s market penetration in the automotive and construction industries. The global manufacturing footprint will increase our ability to serve our automotive customers worldwide, both at a global and a local level. We warmly welcome the successful team from Hamatite into the Sika family and are excited to work together in the future.”