Tokyo-based Resonac has signed definitive agreements to sell selected adhesives businesses in Japan, China and Taiwan to Switzerland’s Sika Group, Chemical Engineering reported. The transaction covers operations held directly by Resonac and through its consolidated subsidiaries. Completion is scheduled during 2027, subject to the conditions set out in the respective agreements being met.
In Japan, the sale includes the adhesives business, excluding tapes, and the hot-melt business at Resonac’s Goi Plant (Noda). The Japanese tape and low-melting glass businesses will remain outside the transaction. The assets being transferred form part of an established production network supplying adhesive products to several markets, including automotive applications.
The Taiwanese scope comprises all operations at the Dapumei Plant of Resonac Li-Bond Materials (Taiwan), known as RLBT. It also includes the polyurethane and epoxy adhesive product businesses at RLBT’s Minxiong Plant. Certain Taiwanese hot-melt and solvent-based adhesive product businesses are excluded. In China, the agreement covers all operations of Resonac Li-Bond Materials (Wuxi), or RLBWX.
The transfer will use different structures across the three jurisdictions. Resonac will first move the relevant Japanese business into a newly established, wholly owned subsidiary through an absorption-type company split, then sell all shares in that subsidiary to Sika. RLBT will use a business transfer for the Taiwanese operations, while the Resonac Group will transfer its entire equity holding in RLBWX.
According to Chemical Engineering’s account of the announcement, the businesses draw on formulation and reaction-control technologies developed over many years. Their principal products span solvent-based, solvent-free and hot-melt adhesives, with automotive interiors and back doors highlighted among their applications.
The announcement presents the businesses’ technologies and customer relationships as complementary to Sika’s global sales, manufacturing and research capabilities, and anticipates added value from combining them. Resonac expects the transaction to have no material effect on its consolidated financial results.