Sika Acquires Full-Range Waterproofing Specialist in China

Sika Acquires Comprehensive Waterproofing Specialist in China Sika has acquired Shenzhen Landun Holding Co., Ltd., a waterproofing systems manufacturer in China. The company offers a comprehensive range of waterproofing products and technologies that complement Sika's existing portfolio perfectly. The combined offering will create new growth opportunities in China's rapidly expanding waterproofing market. Landun is a highly respected waterproofing solutions provider with strong customer relationships and a recognized brand. The company operates two modern production facilities where it manufactures a complete range of membranes and coatings for various waterproofing applications, particularly in infrastructure and commercial projects. The acquisition provides Sika with a platform to further expand and strengthen its position in China's rapidly growing waterproofing market. The product portfolios of the two companies are highly complementary and offer significant cross-selling potential through relevant channels. With the two acquired production facilities, Sika will be able to strengthen its local supply chain and bring its products and services closer to market. Mike Campion, Regional Director Asia/Pacific, stated: "With the acquisition of Landun, we are pursuing our growth strategy by complementing our product portfolio and expanding our manufacturing footprint. This brings us even closer to our customers and enables us to provide them with first-class service and solutions. The expanded product portfolio supports our position and market share gains in China's waterproofing market. We warmly welcome more than 200 Landun employees to the Sika family and look forward to developing this growing business together successfully." Source