MOSCOW (MRC) -- Sika has agreed to acquire Hamatite, the adhesives business of Japanese tyre producer The Yokohama Rubber Co for an undisclosed fee, said the company.
Sika has agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, offering 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. Headquartered in Tokyo, the business generates annual sales of CHF 160 million. The transaction is subject to clearance by anti-trust authorities.
As per MRC, Sika, one of the leading European manufacturers of building materials, has expanded its product line through the acquisition of the Belarusian plant "BelINECO", which is a resident of the FEZ "Brest".
We remind that Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021, according to Rosstat's data. February production of polymers in primary form was 861,000 tonnes versus 196,000 tonnes in January. Overall output of polymers in primary form totalled 1,770,000 tonnes over the stated period, up by 8.4% year on year.
Hamatite 's business portfolio comprises various technologies such as polyurethanes, hot melts, and modified silicones. The company operates five plants, the main site being in Hiratsuka, Japan. Additional Hamatite manufacturing facilities are located in Japan, China, Thailand, and the US.
Sika has been operating in Russia since 2003 and has 5 plants for the production of concrete admixtures, 2 plants for the production of dry building mixtures, a plant for the production of polycarboxylate ethers, a plant for the production of roofing and waterproofing PVC membranes, a plant for the production of epoxy and polyurethane floor coatings. laboratory of physical and chemical tests of concretes and concrete mixtures, a chemical laboratory and 5 branches in different regions of the country with a central office in the city of Lobnya, Moscow region.
MRC