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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 ....
Sika opens concrete admixture plants in Nigeria and Ivory Coast Share 30th September 2015 Swiss specialty chemical group Sika has opened its first concrete admixture and mortar production plant in Nigeria and Ivory Coast. It has also established new subsidiaries in Ethiopia and Tanzania, with an aim to expand its business in Africa. So far, the company has expanded its presence to 16 countries in the African continent. Sika EMEA (Europe, Middle East and Africa) regional manager Paul Schuler said: Our new production facilities in Nigeria and Ivory Coast and our new subsidiaries in Tanzania and Ethiopia represent another milestone in the consequent execution of Sika’s Strategy 2018. ....
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. ....