DIC has acquired Italian adhesives and polymers manufacturer Sapici to boost its ULM capability.
The DIC Group says Sapici possesses quality control and technical capabilities. Also, it was the first company in the world to successfully commercialise ultra-low monomer (ULM) polyisocyanate with the lowest possible hazardous substance content.
One of the DIC’s basic policies in its medium-term management plan is to concentrate resources on packaging solutions. Accordingly, DIC says it is working to bolster its product portfolio and strengthen its production capabilities. In addition, it is expanding the scope of this business through joint ventures; mergers and acquisitions; as well as other actions.
Competitive edge
The DIC Group believes access to Sapici’s production technologies will give it a competitive edge, especially in Europe, which has high needs for ULM. DIC expects this acquisition to reinforce its global adhesives supply configuration. It also expects it to help in promoting complementary strategic products around the world. It has a goal to boost annual global sales of adhesives to double the current level by fiscal 2030.
The company says it will continue working to fortify and broaden the foundation of its packaging solutions business with the aim of accelerating growth. It adds that markets for adhesives continue to expand around the world. Those in Europe and the Americas represent half of the overall global market. They are projected to see further growth as needs for environment-friendly products increase against a backdrop of rising concern for environmental impact and safety.
Under the slogan “More than Packaging/Sustainable Solutions,” the DIC Group continues to develop and launching environment -friendly adhesives in Japan and other Asian markets. However, because the Group lacks adhesives development and production bases in Europe and the Americas, opportunities to enhance its operations in these markets by offering products aligned with local needs have been limited.
