The Yokohama Rubber Co., Ltd. has completed the transfer of its Hamatite business to Swiss-based speciality chemicals company Sika Group. The transaction took place according to the schedule announced on 28 April.
Yokohama has sold its Hamatite automotive and construction sealent business to Swiss company Sika Group AG in a transfer that is scheduled to be completed on 1 November 2021. Yokohama hasn’t released exactly how much Sika is paying for the Hamatite business, but management expects to post a gain on the sale of about ¥5 billion (£33 million; 38 million euros; US$46 million – after tax). However, the exact amount is said to be “subject to change”.
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