Press Release: SIKA ACQUIRES MANUFACTURER OF POLYURETHANE FOAM SYSTEMS IN BELARUS

Sika AG / SIKA ACQUIRES MANUFACTURER OF POLYURETHANE FOAM SYSTEMS IN

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

solely responsible for the content of this announcement.

Sika has agreed to acquire Belineco LLC, a Belorussian manufacturer of

polyurethane foam systems. With the acquisition Sika will further expand

its know-how in the production and development of polyurethane foams.

Together, the two companies will gain better access to the trade

distribution channels in Eastern Europe. The acquired business generates

annual sales of CHF 23 million. The transaction is subject to approval

by anti-trust authorities.

Belineco, based near Brest, has been growing with strong momentum over

the past years and has built up a solid market position in Belarus and

Russia. In its state-of-the-art manufacturing facility, the company

produces polyurethane foams sold via trade distribution channels in

Eastern European markets. The acquisition provides Sika with expanded

production capacity and know-how for polyurethane foam systems. With its

geographical footprint focused on Eastern Europe, it perfectly

complements the recently acquired Swiss-based Polypag polyurethane foam

business. The acquisition of Belineco will enhance Sika's product

offering for the trade distribution channels and improve store

penetration with larger distributors. It will open up cross-selling

opportunities for the combined portfolio through these channels as well

as for Belineco foams in Sika's roofing and facade systems.

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

will strengthen our Sealing & Bonding business in Eastern Europe and

open up exciting, new cross-selling opportunities. The improved access

to trade distribution channels will increase our market penetration in

this region and drive the continued growth of both companies. We are

happy to welcome Belineco's employees into the Sika team and are excited

about expanding our business together."

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/2238338/882017.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 13, 2019 02:00 ET (06:00 GMT)