Soudal Acquires Sharp Chemicals of Japan

Soudal announced a majority stake in Sharp Chemicals, headquartered in Osaka and sales offices in Tokyo and Sapporo, Japan. Soudal reports that Sharp Chemicals has developed a market position in hybrid sealants and adhesives with innovative products and eco-friendly packages, mainly under the Sharpie brand. In 2010, the production capacity was extended by the set-up of a production hub in Shanghai, China. Sharp Chemicals offers a high level of customer support to ensure reliable applications.

The new combination offers numerous opportunities for further growth in Japan through expansion of the existing product portfolio under both the Sharpie and the Soudal brand, according to the company. Sharp Chemicals will keep its identity, brand name and market position.

“We are very proud of this acquisition – which covers one of our most important blind spots on the world map. Sharp Chemicals forms an excellent platform for further growth in Japan through its historical presence, its innovative products and its experienced and enthusiastic employees,” said Vic Swerts, chairman-founder of the Soudal Group.

“We are excited we found a strong partner to secure the future of our solid family legacy. We share the same ambition, family spirit and business ethics. We will be able to leverage the international footprint, experience and wide product offering of the Soudal Group, while keeping our own identity and brand. We are very happy that Soudal will invest in further growth and market diversification,” said Mikio Murakami, chairman of Sharp Chemicals.

Soudal reports that Sharp Chemical’s turnover will help Soudal to surpass the 1.5 billion euro group turnover landmark in 2025. The production facilities in Japan and China will be the 30th and 31st for Soudal worldwide.

Source: Soudal