Sika has acquired the remaining 24.5% of Dyflex HD Co., Ltd. as of January 7, 2014 and achieves 100% ownership. The complete takeover further strengthens Sika’s position in the Japanese construction market.
Sika has been present with its own subsidiary in Japan since 1932 and is well-known as a reliable partner for many landmark projects, having a particularly strong presence in the area of concrete admixtures and sealing & bonding solutions. The complete takeover of Dyflex confirms Sika’s long-term commitment in Japan and is another step in strengthening Sika’s position in the Japanese construction market.
Dyflex, founded in 1964, is a company with a long tradition in the Japanese market. Dyflex is a market leader in liquid waterproofing in Japan with well established brands and customer relations. Since the acquisition of the majority stake in 2010, numerous cross-selling opportunities and synergies have already been realized between the two companies.
Jan Jenisch, CEO of Sika: “We are proud to have the full ownership of Dyflex Japan with all their successful and highly competent people. The transfer of technologies and know-how between Sika and Dyflex will be intensified and the strategic development of the business further explored.”