Sika recently announced that it has acquired Shenzhen Landun Holding Co. Ltd., a manufacturer of waterproofing systems in China. According to Sika, Landun offers a range of waterproofing products and technologies that complement the group’s existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market.
Landun operates two modern production facilities where it manufactures a range of membranes and coatings for various waterproofing applications, mainly supplying infrastructure and commercial projects. With the two acquired manufacturing facilities, Sika reports that it will be able to strengthen its local supply chain and bring its products and services closer to the market.
“With the acquisition of Landun we follow our growth strategy by complementing our product portfolio and expanding our manufacturing footprint,” said Mike Campion, Sika’s regional manager for the Asia-Pacific region. “This brings us closer to our customers and enables us to provide them with first-class service and solutions. The extended product portfolio will strengthen our position in the Chinese waterproofing market and support market share gains. We warmly welcome the more than 200 Landun employees to the Sika family and look forward to successfully developing this growing business together.”
Learn more about Sika at www.sika.com.