Sika acquires adhesives and sealants business in Japan
Sika has agreed to acquire Hamatite, the adhesives business of Yokohama Rubber. Hamatite is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries.
The acquisition is supposed to 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 EUR 145 million. The transaction is subject to clearance by anti-trust authorities.
Hamatite is a recognised, trusted supplier with a strong, reputable brand, holding a leading position in the Japanese automotive and construction industry. With its products and nationwide sales network, it has built up long-lasting relationships with both Japanese automotive OEMs as well as customers in the construction sector and is seen as a reliable, long-term business partner. The product portfolio comprises various technologies such as polyurethanes, hot melts, and modified silicones.
Hamatite operates five plants
Hamatite operates five plants, the main site being in Hiratsuka, Japan. Additional manufacturing facilities are located in Japan, China, Thailand, and in the USA.
Paul Schuler, CEO of Sika: “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 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.”
