Press Release: SIKA ACQUIRES LEADING MANUFACTURER OF POLYURETHANE FOAM SYSTEMS IN SWITZERLAND

Sika AG / SIKA ACQUIRES LEADING MANUFACTURER OF POLYURETHANE FOAM

SYSTEMS IN SWITZERLAND. Processed and transmitted by Nasdaq Corporate

Solutions. The issuer is solely responsible for the content of this

announcement.

Sika has agreed to acquire Polypag, a leading Swiss-based manufacturer

and developer of polyurethane foam systems. This acquisition will

enhance Sika's expertise in the area of polyurethane foam development,

expand its product portfolio and production capacity, and drive forward

the specialist trade business. Last year, Polypag recorded annual sales

of some CHF 40 million with a workforce of 120 employees. The

transaction is subject to approval by the competition authorities.

Polypag was founded in Altstätten, Switzerland, in 1980. Today the

company is a leading supplier of specialist foam systems, and has

positioned itself as a strong specialist trade partner with an

impressive product range. Foams based on polyurethane are construction

materials used whenever something is insulated, sealed, bonded, or

fitted. They are used in professional construction applications such as

building shells, building structures, and building protection, as well

as in the DIY market. The transaction encompasses Polypag's headquarters

along with the production site in Altstätten, a research and

development center in Canton Appenzell, and a production site at

Landsberg am Lech, Germany.

Ivo Schädler, Sika EMEA Regional Manager: "The acquisition of

Polypag will significantly strengthen our Sealing & Bonding business.

The combined technological and development expertise will open up new

cross-selling opportunities. Moreover, by expanding the specialist trade

business we will drive forward market penetration and establish growth

platforms for both companies. We look forward to a successful shared

future and would like to extend a very warm welcome to Polypag employees

as they join the Sika team."

Gottfried J.Peichl, Board of Directors, FLM Holding: "I am extremely

pleased to hand over Polypag to Sika and to open up a great development

and growth opportunity for the PU activities. I would like to thank all

employees for their achievements and wish them and the company every

success and a good future."

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com

SIKA AG 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 18,000

employees generated annual sales of CHF 6.25 billion in 2017.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2207558/858400.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq 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

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Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

July 27, 2018 01:00 ET (05:00 GMT)