Soudal confirms its ambition to expand its global presence with the acquisition of a majority stake in Sharp Chemicals, a Japanese manufacturer and distributor of sealants and adhesives for professional construction, industry and DIY, with headquarters in Osaka and sales offices in Tokyo and Sapporo.
Sharp Chemicals was founded in 1960 by the Murakami and Miyata families and is now run by the 2nd generation. With over 60 years of experience, Sharp Chemicals has developed a strong 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 setup 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. Sharp Chemicals will keep its identity, brand name and market position. Vic Swerts, Chairman-Founder of the Soudal Group: “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.”
The current employment at Sharp Chemicals of 70 people will be increased in line with the ambitious growth plans. Sharp’s turnover will help Soudal to surpass the €1.5 billion group turnover landmark in 2025. The production facilities in Japan and China will be the 30th and 31st for Soudal worldwide.
