Sika Acquires a Majority Stake of a Market Leader in Waterproofing in Japan
(Thomson Reuters ONE) -
Sika AG / Sika Acquires a Majority Stake of a Market Leader in Waterproofing in Japan processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Sika AG has acquired a majority stake in Dyflex HD Co., Ltd., Japan. Dyflex is
the market leader in liquid waterproofing in Japan with well established brands
and channels. The consolidated net sales in 2009 were approximately JPY 14
billion (about CHF 165 million) with around 350 employees.
Dyflex was established in 1964 by Mr. Keisei Miura. The founder and CEO, Mr.
Keisei Miura will stay with the company to drive the continuous success and
further development of the business and to ensure a smooth transition.
This acquisition enables Sika to take a big step forward into the Japanese
construction chemical market. Dyflex's products and technologies are
complementary to Sika's and will be rolled-out to other countries through the
global sales network of the Sika Group. Dyflex's customer base and sales
channels present significant potential to Sika for cross-selling. With the
combined product range Sika can offer complete waterproofing systems and
solutions to the customers.
-END-
Sika AG Contact: Rainer Weihofen,
Zugerstrasse 50 Corporate Communications & Investor
CH-6341 Baar, Switzerland Relations
www.sika.com
Fax: +41 58 436 68 50
weihofen.rainer(at)ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active company supplying
the specialty chemicals markets. It is a leader in processing materials used in
sealing, bonding, damping, reinforcing and protecting load-bearing structures in
construction (buildings and infrastructure construction) and in industry
(vehicle, building component and equipment production).
Sika's product lines feature high-quality concrete admixtures, specialty
mortars, sealants and adhesives, damping and reinforcing materials, structural
strengthening systems, industrial flooring as well as roofing and waterproofing
systems. Subsidiaries in more than 70 countries worldwide and approximately
12 000 employees link customers directly to Sika and ensure the success of all
our partners. Sika achieves annual sales of CHF 4.2 billion. Visit our website
atwww.sika.com
The media release can be downloaded from the following link:
[HUG#1420385]
--- End of Message ---
Sika AG
Zugerstrasse 50 Baar null
WKN: 858573;ISIN: CH0000587979;
Media Release: http://hugin.info/100359/R/1420385/369993.pdf
Unternehmensinformation / Kurzprofil:
Datum: 31.05.2010 - 18:01 Uhr
Sprache: Deutsch
News-ID 21716
Anzahl Zeichen: 0
contact information:
Town:
Baar
Kategorie:
Business News
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