Last week, readers were most interested in Sika’s announcement regarding its planned acquisition of Hamatite (Sika to Acquire Japan-Based Hamatite): “Sika recently announced that it has agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is reportedly a market leader in Japan, offering adhesives and sealants to the automotive and construction industries. Headquartered in Tokyo, the business generates annual sales of CHF 160 million (approximately $176 million). The transaction is subject to clearance by anti-trust authorities.
“Sika expects that the acquisition will significantly strengthen its market position in Japan, increase market access to all major Japanese OEMs, and notably extend the product offering for sealing and bonding applications in the Japanese construction industry. The Hamatite product portfolio comprises technologies such as polyurethanes, hot melts, and modified silicones.
“Hamatite operates five plants, the main site being in Hiratsuka, Japan. Additional manufacturing facilities are located in Japan, China, Thailand, and the U.S.”
Top 5 News that Sticks for May 9-15
- Sika to Acquire Japan-Based Hamatite
- 3M Sales Jump Nearly 10% in 2021 First Quarter
- DuPont Structural Adhesives Named Silver Winner of 2021 Edison Award
- Kraton Block Copolymer Granted Section 18 Emergency Exemption by EPA #5 last week
- Avery Dennison Achieves Strong Performance in First Quarter of 2021
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.