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Sika Acquires Waterproofing Company Landun

Wednesday, October 20, 2021

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Swiss specialty chemicals company Sika recently announced that it has acquired Chinese waterproofing systems manufacturer Shenzhen Landun Holding Co., Ltd.

Reported to be a “highly regarded provider of waterproofing solutions with strong customer relationships and a well-recognized brand,” Landun operates two production facilities where it manufactures membranes and coatings for waterproofing applications, mainly supplying infrastructure and commercial projects.

The acquisition will reportedly provide Sika with growth opportunities in the Chinese waterproofing market by strengthening its local supply chain and bringing products and services closer to the market. According to Sika, Landun’s existing portfolio is complementary to their own, presenting large cross-selling potential.

"With the acquisition of Landun we follow our growth strategy by complementing our product portfolio and expanding our manufacturing footprint,” said Mike Campion, Sika Regional Manager, Asia/Pacific. “This brings us closer to our customers and enables us to provide them with first-class service and solutions.

“The extended product portfolio will strengthen our position in the Chinese waterproofing market and support market share gains. We warmly welcome the more than 200 Landun employees to the Sika family and look forward to successfully developing this growing business together."

   

Tagged categories: Acquisitions; Asia Pacific; Business management; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Good Technical Practice; Latin America; Mergers; North America; Program/Project Management; Sika; Waterproofing; Z-Continents

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