Sika agrees to buy Resonac adhesives business: what it means for Sika stock

Published on 10/22/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sika agreed to buy Resonac's Asia adhesives business on October 21, 2026. Nine-month results for Sika stock are due October 23, 2026.

Acquisition and valuation context

Sika agreed to acquire Resonac's Asian adhesives business on October 21, 2026.
Berenberg raised its target from CHF 233.00 to CHF 240.00 on October 6, 2026.
Sika's nine-month results are scheduled for October 23, 2026.

Clean isometric 3D illustration of an industrial mixing plant with cylindrical silos, conveyor belts, packaging station and forklift — Sika AG CH0418792922 isometrische 3D-Illustration einer Mischanlage mit Silos Förderbändern und Gabelstapler, Illustration mit AI erstellt.

Sika (ISIN CH0418792922) agreed to acquire Resonac Corporation's adhesives business on October 21, 2026, expanding its automotive and industrial offering across Asia. The transaction is expected to close in mid-2027, according to GlobeNewswire. For Sika stock, the immediate test is the company's nine-month report scheduled for October 23, 2026.

Resonac expands Asian adhesives

The acquired business serves automotive customers and operates through sales organizations and manufacturing sites in Japan, China, and Taiwan. Sika said the combination should broaden access to Japanese automotive suppliers, add adhesive technologies for vehicle interiors, and create cross-selling opportunities.

The transaction also adds a production footprint to Sika's existing network in Asia-Pacific. The company said the deal should create an integrated manufacturing network and operational synergies, while the Taiwanese customer base offers additional opportunities in battery solutions. Financial terms were not disclosed in the announcement.

What does the deal mean for Sika?

Sika described the acquisition against a business with operations in 103 countries, more than 400 factories, and 33,700 employees in 2025. Annual sales stood at CHF 11.20 billion in fiscal year 2025, according to the same GlobeNewswire release. The figures show why the transaction is strategically relevant, but the earnings release will provide the next quantified read on organic demand and margins.

The recent analyst picture is also constructive but varied. Markets Insider reported that Berenberg raised its target from CHF 233.00 to CHF 240.00 on October 6, 2026, while retaining a Buy rating. On October 9, 2026, RBC Capital kept a Hold rating and set a CHF 179.00 target, according to Markets Insider.

Three milestones shape the setup

On October 6, 2026, Berenberg lifted its target from CHF 233.00 to CHF 240.00. On October 9, 2026, Sika acquired Azpects Group to expand its UK landscaping business, with the transaction adding a new product and distribution platform, according to AFX News. On October 21, 2026, Sika agreed to acquire Resonac's Asian adhesives business, with completion expected in mid-2027.

Dates for the next decision points

Sika's nine-month results are scheduled for October 23, 2026, according to Zonebourse. The Resonac transaction is expected to close in mid-2027.

Stock reference before the results

The last Xetra quote stood at EUR 200.60 on October 21, 2026. On the SIX Swiss Exchange, Sika closed at CHF 185.70 on October 21, 2026. The next report will determine whether the acquisition story is accompanied by fresh operating momentum.