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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Sika acquires remaining stake in Japanese company

10:02 AM MST | January 20, 2014 | —Deepti Ramesh

Sika (Baar, Switzerland) says it has acquired the remaining 24.5% stake in Dyflex (Tokyo), gaining 100% ownership of that company. 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, the company says...

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