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Sika acquires remaining stake in Japanese waterproofing materials company

12:01 AM MST | January 8, 2014 | Deepti Ramesh

Sika (Baar, Switzerland) says that, on 7 January, it acquired the remaining 24.5% stake in Dyflex (Tokyo), gaining full ownership. Dyflex, which was founded in 1964, is a market leader in liquid waterproofing in Japan with well-established brands and customer relations, Sika says. Sika acquired a majority stake in Dyflex in 2010, and, since then, several cross-selling opportunities and synergies have been realized between the two companies, Sika says. The complete takeover strengthens Sika’s position in the Japanese construction market. “We are proud...

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