Tapping Into the Middle East Market: Sika Announces Acquisition of Gulf Seal, a Leading Waterproofing Membrane Manufacturer in Saudi Arabia
In November, Swiss construction chemicals giant Sika officially announced the acquisition of Gulf Seal (Awazil Al Khaleej Industrial Co.), a leading manufacturer of asphalt waterproofing membranes in Saudi Arabia. This deal is interpreted by the industry as a landmark move for multinational corporations to seize opportunities in high-growth emerging markets. As a local leader in waterproofing with over twenty years of experience in Riyadh, Gulf Seal boasts a production line for asphalt membranes covering more than 100 products. For Sika, this acquisition is not merely an asset expansion but a strategic entry point into the Middle East's infrastructure boom.
Christoph Ganz, the manager of Sika for Europe, the Middle East, and Africa, stated: "By acquiring Gulf Seal, we have taken an important step in expanding our waterproofing product line and strengthening our influence in one of the world's most dynamic construction markets. Gulf Seal's solid market position and local production capabilities, combined with Sika's extensive product portfolio and global expertise, will bring exciting growth opportunities to the Gulf Cooperation Council region. We look forward to welcoming the Gulf Seal team to the Sika family."
Sika has been deeply engaged in the waterproofing field for nearly twenty years, continuing to build global barriers through capital integration. As a multinational giant that started with waterproofing, Sika has now formed a comprehensive construction solution system covering eight major business segments, including waterproofing, concrete, roofing, and sealing and bonding.
In recent years, Sika's "acquisition journey" has been continuous, and through acquisitions in various fields, Sika has achieved a sustained deepening and widening of its growth platform.
In May 2019, Sika completed the acquisition of Parex. Parex Group is the parent company of Degu, primarily engaged in decorative mortars, tile adhesives, waterproofing, engineering mortars, and other products, and is a leader in global mortar solutions. The group has 13 research and development centers worldwide and operates in 23 countries. In 2018, Parex Group achieved sales revenue of 1.204 billion Swiss francs (approximately 1.215 billion US dollars), with Parex China achieving sales of 3.05 billion yuan in 2018.
In September 2019, Sika announced its agreement to acquire Jiangsu Chuangjing Technology Co., Ltd. Jiangsu Chuangjing Technology Co., Ltd. is a manufacturer of silicone sealants and adhesives, with products used in industrial and construction applications. The company is located in Changshu, Suzhou, and includes a production plant, an advanced R&D center, a warehouse, and office space. The company's annual sales reach 50 million Swiss francs.
In April 2021, Sika agreed to acquire the adhesive business of Yokohama Rubber Co., Ltd. - Hamatite. Hamatite is a market leader in Japan, providing adhesives and sealants for the automotive and construction industries. The company has five factories, with the largest located in Hiratsuka, Japan. Other manufacturing facilities are distributed in Japan, China, Thailand, and the United States, and the business headquarters is in Tokyo, Japan, with annual sales of 160 million Swiss francs.
In August 2021, Sika announced the acquisition of Shenzhen Landun Holding Co., Ltd., a Chinese manufacturer of waterproofing systems. Shenzhen Landun is an influential service provider in the waterproofing systems industry, possessing strong market competitiveness and brand strength, robust customer channel relationships, a renowned market brand, professional R&D innovation capabilities, and technological advantages. It has been ranked among the top five preferred brands by China's top 500 real estate development enterprises for several consecutive years and has also been honored as one of the top ten competitive suppliers in the Chinese real estate sector.
In November 2021, Sika announced the acquisition of MBCC Group for 5.2 billion euros. MBCC Group is a global leading supplier of construction chemicals, headquartered in Mannheim, Germany, and active in the fields of construction systems and admixture systems. The group currently has around 7,500 employees and operates in over 60 countries with more than 130 production plants. In 2021, the company anticipated net sales of 2.9 billion Swiss francs (2.7 billion euros).
On May 19, 2022, Sika completed the acquisition of United Gilsonite Laboratories, Inc. (UGL), a well-known manufacturer of consumer and DIY waterproofing application products. Their product portfolio is sold through distribution channels and can be found at major retailers in the United States. The acquired business is a perfect complement to Sika's high-value-added systems for concrete, masonry waterproofing, and refurbishment. In 2021, UGL's sales amounted to 65 million Swiss francs (approximately 454 million yuan).
On March 4, 2025, Sika announced that it had completed the full acquisition of HPS North America. This is a successful supplier in the field of building decoration materials. HPS distributes German-made Schönox brand products in the U.S. market. Fully integrating this business into Sika USA will create a strong platform for further expansion in the building renovation sector and bring about efficiency improvements.
The day before acquiring HPS, Sika also announced the acquisition of the UK-based Cromar Building Products Company. Cromar is one of the UK's leading suppliers of flat and pitched roofing products, serving well-known brands in the UK. Its products and solutions include membrane and liquid application products, sealants, and adhesives, which can be used for both residential and large buildings. Cromar has advanced manufacturing facilities that complement Sika's production sites.
In June 2025, Sika took the lead in acquiring Qatar Construction Chemicals Company Gulf, establishing a production base in the Middle East.
【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.
Most Popular
-
Dow, Wanhua, Huntsman Intensively Raise Prices! Who Controls the Global MDI Prices?
-
Clariant Unveils Cost-Cutting Plan Details, Plans to Shut Down Multiple Plants
-
[Today's Plastics Market] General Materials Weakly Fluctuate, Engineering Materials Steadily Rise
-
New Breakthrough in Domestic Adiponitrile! Observing the Rise of China's Nylon Industry Chain from Tianchen Qixiang's Production
-
Daily Review: Polyethylene Prices Under Weak Consolidation, Sellers Face Significant Pressure to Move Inventory
