Sika is strengthening in Japan
Sika takes over Hamatite. As one of the Japanese market leaders, Hamatite offers adhesives and sealants for the automotive and construction sectors. Above all, this gives Sika more extensive access to large car manufacturers and expands its portfolio for the construction sector.
With Hamatite, Sika takes over one of the leading Japanese suppliers of adhesives and sealants. Its annual turnover was most recently 160 million francs. The tire manufacturer Yokohama Rubber has sold this business area as part of a reorientation towards its core business.
With Hamatite, the Zug-based specialty chemicals company has expanded market access to all important Japanese automobile manufacturers, including those outside of Japan. According to a press release , Sika intends to significantly increase the proportion of its solutions per vehicle. In addition, Sika receives extensive global production capacities and can thus offer all car manufacturers long-term advantages in the supply chain.
The acquisition also expands Sika's portfolio of high-quality adhesives and sealants that meet the high Japanese building standards. Sika's market penetration in the automotive and construction sectors will accelerate, said Sika CEO Paul Schuler. "With our global production capacities, we will be able to serve our customers in the automotive sector even better, both on a global and a local level."
"We look forward to", says Mike Campion, Regional Manager Asia / Pacific at Sika, "to welcome the Hamatite employees at Sika and to develop our joint cross-selling potential together with them".
