19.05.2014 16:03:40
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Press Release: SIKA ACQUIRES SWISS ADHESIVES MANUFACTURER KLEBAG
(MORE TO FOLLOW) Dow Jones Newswires
May 19, 2014 09:30 ET (13:30 GMT)- - 09 30 AM EDT 05-19-14
-2 of 2- 19 May 2014 13:30:00 UTC Press Release: SIKA ACQUIRES SWISS ADHESIVES MANUFACTURER KLEBAG
Sika AG / SIKA ACQUIRES SWISS ADHESIVES MANUFACTURER KLEBAG . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Sika is acquiring the business of Klebag Chemie AG, a manufacturer of adhesives for the sealing, bonding and flooring markets. The takeover strengthens Sika's position in the Swiss interior finishing sector. Last financial year, Klebag generated net sales of CHF 12 million.
Klebag Chemie AG has developed a comprehensive range of adhesives, coatings and fillers for the interior finishing market in Switzerland. The company has a strong customer base and is known to provide a high standard of customer service, technical support and training.
After the acquisitions of Akzo Nobel's Building Adhesives business, Everbuild Building Products and Optiroc in 2013, as well as Technokolla in 2011, this takeover represents another step in the strengthening of Sika's position in the interior finishing sector.
Paul Schuler, Regional Manager EMEA: "This acquisition will provide Sika with a solid platform from which to expand our interior finishing business in the Swiss market, particularly with regard to professional contractors. We welcome Klebag's employees to Sika and look forward to developing the business together."
SIKA AG Zugerstrasse 50 CONTACT Dominik Slappnig 6341 Baar, Switzerland TELEPHONE Corporate Communications & www.sika.com E-MAIL Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and the motor vehicle industry. Sika has subsidiaries in 84 countries around the world and manufactures in over 160 factories. Its more than 16,000 employees generate annual sales of CHF 5.14 billion.
The media release can be downloaded from the following link:
Media Release: http://hugin.info/100359/R/1786943/613387.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via Globenewswire
HUG#1786943
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Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com (END) Dow Jones Newswires
May 19, 2014 09:30 ET (13:30 GMT)- - 09 30 AM EDT 05-19-14
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