Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Press Release : SIKA ACQUIRES FULL-RANGE WATERPROOFING EXPERT IN CHINA

08/24/2021 | 12:00pm EDT

SIKA ACQUIRES FULL-RANGE WATERPROOFING EXPERT IN CHINA

Sika acquires Shenzhen Landun Holding Co., Ltd., a manufacturer of waterproofing systems in China. The company offers a comprehensive range of waterproofing products and technologies, perfectly complementing Sika's existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market.

Landun is a highly regarded provider of waterproofing solutions with strong customer relationships and a well-recognized brand. The company operates two modern production facilities where it manufactures a full range of membranes and coatings for various waterproofing applications, mainly supplying infrastructure and commercial projects.

The acquisition provides a platform for Sika to further grow and strengthen its position in the fast-growing Chinese waterproofing market. The product portfolios of the two companies are highly complementary and offer large cross-selling potential through their respective channels. With the two acquired manufacturing facilites, Sika will be able to strengthen its local supply chain and bring its products and services closer to the market.

Mike Campion, Regional Manager Asia/Pacific: "With the acquisition of Landun we follow our growth strategy by complementing our product portfolio and expanding our manufacturing footprint. This brings us closer to our customers and enables us to provide them with first-class service and solutions. The extended product portfolio will strengthen our position in the Chinese waterproofing market and support market share gains. We warmly welcome the more than 200 Landun employees to the Sika family and look forward to successfully developing this growing business together."

CONTACT

Dominik Slappnig

Corporate Communications and

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com https://www.globenewswire.com/Tracker?data=tnklEogywAxuLoO1_iCkROsTArCx32RZ_pFCzMlE1n2fQBb_FwOWeRq7IW9lbfOveHMt78S5cI9gw7g7DJ161pE8ymLctQBWUTXqtms_mrIvqF_IUFnOQ_fOnRuR3uOA

SIKA CORPORATE PROFILE

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 7.88 billion in 2020.

The media release can be downloaded from the following link:

Media Release https://www.globenewswire.com/Tracker?data=wHzbisg1LDqhZzmoplZ8KFogNhubUwCHuADKiRbTrJwJxD-Q84SnmYr1YXzlr0wXyTDa0hqcLY0E-vhjIF2hPK50ms_vLFdULI5EjH_GbFdP5moQFtW0_nTq8ULNL32sMi79ZbquRY0jJr3biO_e7D4hXnmrghxzoKIyhuvAH6s=

(END) Dow Jones Newswires

August 24, 2021 12:00 ET (16:00 GMT)

Latest news "Companies"
05:59pValneva Announces Launch of Proposed Global Offering of American Depository Shares and Ordinary Shares
GL
05:59pValneva Announces Launch of Proposed Global Offering of American Depository Shares and Ordinary Shares
GL
05:59pBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution
BU
05:58pOMA Announces Third Quarter 2021 Operating and Financial Results
PU
05:58pNotice to the Market - Athena Foods Plant Fire
PU
05:58pSmartSpace announces its Interim Results for the Six Months Ended 31 July 2021
PU
05:58pEarning Release Q3 2021
PU
05:58pECLAC Calls for Articulating Social Protection Systems with Disaster Risk Management Policies in Pursuit of a Transformative Recovery with Equality and Sustainability in the Region
PU
05:58pSigninig CertEurope
PU
05:58pNotice to Market - Clarifications on CVMB3 questions
PU
Latest news "Companies"