Baar, Switzerland, 7-1-2014 — /EuropaWire/ — Sika has acquired the remaining 24.5% of Dyflex HD Co., Ltd. as of January 7, 2014 and achieves 100% ownership. The complete takeover further strengthens Sika’s position in the Japanese construction market.
Sika has been present with its own subsidiary in Japan since 1932 and is well-known as a reliable partner for many landmark projects, having a particularly strong presence in the area of concrete admixtures and sealing & bonding solutions. The complete takeover of Dyflex confirms Sika’s long-term commitment in Japan and is another step in strengthening Sika’s position in the Japanese construction market.
Dyflex, founded in 1964, is a company with a long tradition in the Japanese market. Dyflex is a market leader in liquid waterproofing in Japan with well established brands and customer relations. Since the acquisition of the majority stake in 2010, numerous cross-selling opportunities and synergies have already been realized between the two companies.
Jan Jenisch, CEO of Sika: “We are proud to have the full ownership of Dyflex Japan with all their successful and highly competent people. The transfer of technologies and know-how between Sika and Dyflex will be intensified and the strategic development of the business further explored.”
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals company. Sika supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, solar and wind power plants, façades). Sika’s product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Worldwide local presence in 80 countries and some 15,200 employees link customers directly to Sika and guarantee the success of all partners. Sika generated annual sales of CHF 4,829 million in 2012.