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May 7, 2008 -- /PRNewswire/ LYNDHURST, NJ -- With its second acquisition in North America this year, Sika has added another long-respected player into its industrial flooring business in this region. The ICS Garland polymer flooring business, with its strong portfolio of epoxy, polyurethane, and ESD technology products, is an excellent fit for Sika's focused growth strategy for North America. With an established, well respected range of products, people, and quality applicators, the ICS Garland polymer flooring business greatly enhances and complements Sika's fast-growing position in this key market.
The parties have agreed not to disclose the sales price. Approximately 45 employees are expected to join Sika as part of the transaction, including the ICS Garland manufacturing facility and offices in Cleveland, Ohio.
Already a global leader in construction chemicals including adhesives and sealants, concrete admixtures, repair and strengthening products, this acquisition also creates for Sika the most comprehensive range of epoxy, polyurethane, and other key polymer flooring products and technologies in the industry. Sika is confident that the ICS Garland flooring business, when combined with Sika's broad offering of sales and support services, will enable Sika to offer even greater value to its polymer flooring customers.
Sika Corp. is based in Lyndhurst, NJ.
About Sika Corporation Construction Products Division
Sika Corporation Construction Products Division, Lyndhurst NJ, is a technology leader with over 90 years of experience in concrete materials and restoration technology. Sika's product line includes concrete admixtures, sealants, adhesives, corrosion inhibitors, specialty mortars, epoxy resins, structural strengthening systems, grouts, anchoring adhesives, overlays, and protective coatings. Full service sales and technical offices support our customers nationwide.
Visit www.sikaconstruction.com
About Sika Corp.
Sika Corp. is a supplier of specialty chemical products and industrial materials serving construction and industrial markets including transportation, marine, and automotive. Sika Corp. is a subsidiary of Sika AG, Baar, Switzerland. Sika has annual sales of approximately US $2.1 billion (CHF 2.9 billion), over 10,000 employees and operations in more than 70 countries.
Visit www.sikacorp.com
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