The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market.
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.