Sika AG (SWX:SIKA), Sika (Thailand) Limited, Sika (China) Ltd. and Sika Ltd. agreed to acquire Hamatite Business from The Yokohama Rubber Company, Limited (TSE:5101) on April 28, 2021. The transfer involves the Hamatite businesses operated by Yokohama Rubber, its wholly owned consolidated domestic subsidiary Yokohama Industrial Products Japan Co., Ltd., and overseas Yokohama Group companies Yokohama Industries Americas Inc. (YIA), Yokohama Industrial Products – Hangzhou Co., Ltd. (YIPHZ), and Yokohama Rubber (Thailand) Co., Ltd. (YRTC). 100% of the common stock of Hamatite business of Yokohama Rubber Company will be transferred to Sika Ltd.; Yokohama Industries Americas will transfer the assets and liabilities of its Hamatite business to a special purpose vehicle to be established by Sika Corporation; Yokohama Industrial Products – Hangzhou will transfer the assets and liabilities of its Hamatite business to Sika (China) Ltd. and Yokohama Rubber (Thailand) will transfer the assets and liabilities of its Hamatite business to Sika Thailand. The name of the successor company will be Sika Hamatite Co., Ltd. Hamatite business reported annual sales of CHF 160 million. The transaction is subject to clearance by anti-trust authorities. The transfers are scheduled to be completed on November 1, 2021.

Sika AG (SWX:SIKA), Sika (Thailand) Limited, Sika (China) Ltd. and Sika Ltd. completed the acquisition of Hamatite Business from The Yokohama Rubber Company, Limited (TSE:5101) on November 1, 2021. Hamatite operations in Japan have been taken over by Sika Hamatite Co., Ltd. and Sika Hamatite Sales Co., Ltd., while Hamatite operations conducted by Yokohama Rubber Group companies in the United States, China, and Thailand are being assumed by, respectively, Sika Automotive Kentucky, LLC, Sika Hamatite Automotive (Zhejiang) Co., Ltd., and Sika Thailand.