05/31/2010
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.