Swiss specialty chemicals firm Sika has signed an agreement to acquire the Hamatite adhesives business from The Yokohama Rubber Co. The purchase of the unit will bolster Sika’s position in the Japanese construction and automotive markets. The business’ portfolio includes polyurethanes, hot melts, and modified silicones. It currently operates five production facilities in Japan, Thailand, China, and the US. “Hematite 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,” said Sika Chief Executive Officer Paul Schuler in a company release.