Press Release: SIKA ACQUIRES CONCRETE FIBER COMPANY IN THE USA

Sika AG / SIKA ACQUIRES CONCRETE FIBER COMPANY IN THE USA. Processed

and transmitted by West Corporation. The issuer is solely responsible

for the content of this announcement.

Sika has acquired the global Concrete Fibers business from Propex

Holding, LLC, which includes a US plant manufacturing synthetic fibers

for use in concrete reinforcement, sales operations in Sika's three

geographical regions, and a strong brand. The acquired business is a

perfect addition to Sika's concrete systems for high value-added

solutions required in the construction of high-rise buildings and

demanding infrastructure projects. The acquired business generates

annual sales of CHF 30 million.

The acquisition of the Concrete Fibers business, based in Chattanooga,

Tennessee, is a further step in Sika's expansion in fibers, following

the acquisitions of Radmix, Australia, and FRC Industries, USA, as well

as the opening of a fiber production line in Germany. The acquired

business brings the well-established Fibermesh brand and

industry-leading technical expertise. Combined with Sika's existing

global fiber portfolio and concrete admixture product range, this will

further expand Sika's offering to concrete customers worldwide.

Furthermore, the 12,000 m(2) production facility creates significant

additional capacity for both micro and macro synthetic fibers to support

Sika's growth going forward, particularly in the region Americas.

Christoph Ganz, Regional Manager Americas: "The acquisition of the

global Concrete Fibers business of Propex and the Fibermesh brand is a

great fit with Sika's current portfolio. It brings even greater value to

existing and new Sika customers within the ready-mix and precast

concrete market. The Fibermesh brand is the industry standard for

quality and performance. As part of Sika, we see enormous growth

opportunities for Fibermesh, especially in our solutions for

construction in big city environments and for our Tunneling & Mining

business. We are very happy to welcome the Fibermesh employees to our

Sika team."

CONTACT

Dominik Slappnig

Corporate Communications &

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 SHYproduction of systems and products for SHYbonding,

sealing, damping, reinforcing and protecting in the building sector and

autoSHYmotive industry. Sika has subsidiaries in 101 countries around

the world and manufactures in over 200 factories. In 2017, our more than

18,000 employees generated sales of CHF 6.25 billion.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2224204/872009.pdf

This announcement is distributed by West Corporation on behalf of West

Corporation 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

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Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

November 06, 2018 01:00 ET (06:00 GMT)