Press Release: SIKA ACQUIRES MARKET LEADER IN ROOFING AND WATERPROOFING SYSTEMS IN ROMANIA

Sika AG / SIKA ACQUIRES MARKET LEADER IN ROOFING AND WATERPROOFING

SYSTEMS IN ROMANIA. Processed and transmitted by West Corporation. The

issuer is solely responsible for the content of this announcement.

Sika has agreed to acquire Arcon Membrane Srl, a leading manufacturer of

roofing and waterproofing systems in Romania. By acquiring Arcon, Sika

will significantly strengthen its position in the Romanian market and

extend its product portfolio to meet the increasing demand for complete

solutions in the roofing and waterproofing markets. The acquired

business generates annual sales of CHF 23 million. The transaction is

subject to approval by the Romanian anti-trust authority.

With the acquisition of Arcon Sika will become the clear market leader

in the Romanian roofing and waterproofing markets. It is also a further

step in Sika's expansion in bituminous membranes, following several

acquisitions in recent years such as Index in Italy, KVK in the Czech

Republic, and Bitbau Dörr in Austria.

Arcon is based in Sfântu-Gheorghe, 200 km north of Bucharest. In

its fully automated manufacturing facility it produces technologically

advanced bituminous membranes, with the potential to also serve other

South East European markets. Furthermore, Arcon's product portfolio also

includes thermal insulation systems for facades and roofs, combining EPS

(expanded polystyrene) sheets and bituminous membranes. The acquired

technologies will perfectly complement Sika's roofing, waterproofing,

and building envelope systems.

Ivo Schädler, Regional Manager EMEA: "Arcon's market leading

position, comprehensive product portfolio, and established distribution

network will support our growth strategy by opening up new cross-selling

opportunities, as well as increasing our market access and the

penetration of key projects. We would like to welcome the Arcon

employees to our Sika team and look forward to growing 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 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/2229369/875839.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

December 19, 2018 01:00 ET (06:00 GMT)