Sika Acquires Hamatite Adhesives and Sealants Business

Sika has agreed to acquire Hamatite, the adhesive business unit of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, supplying adhesives and sealant products to the automotive and construction sectors. The acquisition will significantly strengthen Sika's market position in Japan, increase market access to all major Japanese OEMs, and expand its product offering for sealing and bonding applications, particularly in the Japanese construction industry. The Tokyo-based operation generates annual sales of CHF 160 million. The transaction is subject to approval by antitrust authorities. Hamatite is a trusted, well-established supplier with a leading position in the Japanese automotive and construction industries, holding a strong, respected brand. Through its high-quality products and nationwide sales network, it has built long-term relationships with both Japanese automotive OEMs and construction sector customers, positioning itself as a reliable, long-term business partner. The product portfolio comprises various technologies such as polyurethanes, hot melts and modified silicones. The established Hamatite brand is the preferred solution among Japanese OEMs for glazing bonding and hot melt applications. In the construction sector, the main application area is sealing and bonding solutions for exterior facades. Hamatite operates five factories, with its main facility located in Hiratsuka, Japan. Additional production facilities are located in Japan, China, Thailand and the United States.

With the acquisition of Hamatite, Sika's automotive business will immediately benefit from increased market access to all major Japanese OEMs and will significantly increase content per vehicle (CHF sales/vehicle) with these customers globally.

Sika aims to provide seamless business transfer to all valued customers globally, while also expanding and extending its relationship and offerings with global Japanese automakers while operating in other countries. The combined business will present a comprehensive global manufacturing footprint, thereby providing long-term supply chain advantages to all automotive OEMs. In the construction sector, the acquisition will enable Sika to gain market share and become a strong player in the Japanese market. It will also expand Sika's range of adhesive and sealant products meeting the high Japanese building standards. The expanded complementary product range and extended customer network will provide the combined operation with significant cross-selling opportunities. The strengthened manufacturing footprint in Japan will enable the organization to reliably serve its expanding customer base.

Sika CEO Paul Schuler: "The acquisition fits perfectly with our Growth Strategy. Hamatite brings leading technologies, technical expertise and talented people that will accelerate Sika's market entry in the automotive and construction sectors. Our global manufacturing footprint will increase our ability to serve our worldwide automotive customers both globally and locally. We warmly welcome the successful Hamatite team joining the Sika family and look forward to working together in the future."

Sika Asia/Pacific Region Manager Mike Campion: "With Hamatite, we will significantly expand our network of skilled sales personnel and customer relationships in the Japanese market. Together we will provide our customers with a wide range of high-quality products and first-class service. Sika will pay close attention to Hamatite's corporate culture while combining our operations and respect Japanese business practices. We look forward to welcoming Hamatite employees to our team and developing our mutual cross-selling potential." Masataka Yamaishi, Chairman of the Board of Yokohama Rubber Co., Ltd.: "I believe that Hamatite can support future business expansion under the roof of Sika, one of the world's largest specialty chemical companies. Yokohama will steadily implement our New Mid-Term Business Plan 'Yokohama Transformation 2023', announced on 19 February 2021, by further deepening our current core operations."