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Sika Acquires Japanese Adhesives, Sealants Company

Tuesday, May 11, 2021

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Swiss chemical company Sika has agreed to acquire Hamatite, an adhesives business of Japan’s The Yokohama Rubber Co., Ltd., which offers adhesives and sealants to the automotive and construction industries.

According to Sika, the acquisition will strengthen its market position in Japan, increase market access to all major Japanese OEMs and extend the product offering for sealing and bonding applications in the Japanese construction industry.

Sika

Swiss chemical company Sika has agreed to acquire Hamatite, an adhesives business of Japan’s The Yokohama Rubber Co., Ltd., which offers adhesives and sealants to the automotive and construction industries.

Headquartered in Tokyo, the business generates annual sales of CHF 160 million ($178 million). The transaction is subject to clearance by anti-trust authorities and the financial terms of the deal were not disclosed.

Hamatite’s product portfolio comprises various technologies such as polyurethanes, hot melts and modified silicones. The brand is reportedly a preferred solution among the Japanese OEMs for glass bonding as well as for hot melt applications. The main application area in the construction industry is sealing and bonding solutions for exterior facades.

Hamatite operates five plants, the main site being in Hiratsuka, Japan. Additional manufacturing facilities are located in Japan, China, Thailand and in the United States.

In construction, the acquisition will extend Sika’s range of adhesives and sealants that meet the high Japanese building standards, according to the company, noting that the widened range of complementary products and expanded customer network will provide the combined business with significant cross-selling opportunities. The strengthened production footprint in Japan will also enable the organization to reliably serve the enlarged customer base.

"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,” said Sika CEO Paul Schuler.

“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."

   

Tagged categories: Acquisitions; Adhesive; AS; Asia Pacific; Business matters; EMEA (Europe, Middle East and Africa); EU; Good Technical Practice; Mergers; Sealant; Sika

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