Press Release: SIKA ACQUIRES LEADING CANADIAN MANUFACTURER OF CONCRETE REPAIR SYSTEMS

Sika AG / SIKA ACQUIRES LEADING CANADIAN MANUFACTURER OF CONCRETE REPAIR

SYSTEMS. Processed and transmitted by West Corporation. The issuer is

solely responsible for the content of this announcement.

Sika has agreed to acquire King Packaged Materials Company, a large

independent Canadian manufacturer of dry shotcrete and mortars for

concrete repair. With the acquisition Sika will further expand its

geographical footprint in Canada and improve its growth potential in the

home improvement, construction, mining and tunneling markets. The

acquired business generates annual sales of CHF 61 million with a

workforce of 180 employees. Closing of the transaction is expected to

take place in the second quarter 2019.

King is a family owned business and a well-established manufacturer of

products for the construction and mining industry as well as for the

home improvement distribution channel. The portfolio includes shotcrete

solutions, grouts, and repair and masonry mortars.

The company has an excellent reputation for its recognized brands, its

high quality and reliable product solutions, and its strong technical

sales expertise. King operates three large state-of-the-art plants, two

of which are located at Boisbriand, Quebec, close to Montreal, and at

Brantford, Ontario, near Toronto, which are the most populated regions

in Canada with dynamic construction activities. Another plant is

situated in Sudbury, Northern Ontario, close to the mining industry.

Christoph Ganz, Regional Manager Americas: "With the acquisition of King

and its broad and highly complementary product offering we will further

strengthen our presence in Canada and open up exciting new cross-selling

opportunities. Especially in the home improvement market and in the

growing tunneling and mining market segments, the acquisition of King

Packaged Materials will make Sika one of the leading suppliers of

concrete solutions in Canada. We look forward to a successful joint

future and would like to extend a very warm welcome to all King

employees as they join the Sika team."

The owners of King Packaged Materials Company, the Hutter and Macpherson

families, strongly believe that Sika is the ideal partner to continue

the growth of King products in all of their market sectors. They look

forward to the joint business and sales activities which offer great

potential to expand the product portfolio across Canada and

internationally.

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 production of systems and products for bonding, sealing,

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

vehicle industry. Sika has subsidiaries in 101 countries around the

world and manufactures in over 200 factories. Its more than 20,000

employees generated annual sales of CHF 7.09 billion in 2018.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2237554/881508.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

March 07, 2019 01:00 ET (06:00 GMT)