Press Release: SIKA ACQUIRES MORTAR MANUFACTURER IN RUSSIA

SIKA ACQUIRES MORTAR MANUFACTURER IN RUSSIA

Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in

Russia. The company offers a wide range of mortar products for interior

and exterior finishing, complementing the existing portfolio and

geographical footprint. The acquired business generates annual sales of

CHF 15 million. The transaction is subject to clearance by the local

anti-trust authorities.

Kreps is a well-known local brand with a strong presence in the

distribution channels, providing Sika with improved access to major home

centers and builders' merchants. The combination of Sika's technical

know-how and direct sales approach with Krep's developed distribution

network and production base will enable Sika to expand the local supply

chain and better penetrate the market.

Kreps operates production plants in Saint Petersburg and Yekaterinburg,

two geographical areas where Sika has not previously had its own mortar

manufacturing. The two modern plants manufacture a wide range of mortars,

mainly tile adhesives, plasters, and floor leveling compounds. The

facilities of Kreps also include a professional training center and

well-equipped production laboratories.

Ivo Schädler, Regional Manager EMEA: "Kreps provides a wide product

portfolio and extended geographical footprint for mortars in the Russian

Federation. Together with the enhanced access to the distribution

channel, it gives us a platform to further grow and strengthen our

position in this market. We warmly welcome the Kreps employees to the

Sika team and look forward to a successful joint future".

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com

https://www.globenewswire.com/Tracker?data=oSmd0H8sWbMcbfVZk0iCKAgo72ASM-rZsD8bnOgx0fzj6TxlPKKgVRBrv1qR73sSDuUcVjpIYLN5Ho2U4fJZR0wOVw284Cbalmca5qfoxSmKZDsrPLBk9s-7Py0VZUG0

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 100 countries around the

world and manufactures in over 300 factories. Its 25,000 employees

generated annual sales of CHF 7.88 billion in 2020. At the end of 2019,

Sika won the Swiss Technology Award for an innovative new adhesive

technology.

The media release can be downloaded from the following link:

Media Release

https://www.globenewswire.com/Tracker?data=8_2kuCc0eZCYL9u72gx4p_R-URLTeTqGH-12yQMcmK9Z93R4BXAQBGDICsf2asqwgPPPugxbUyU6DYdc6PbACprPSImrL_b4_cC2vUlHU0L40dn11LtyqC0cNhqrUdz1RFkcUHK6wn97tpwpGLkzZxQOrvxMmRLkva-yzHb5OEw=

(END) Dow Jones Newswires

February 08, 2021 01:00 ET (06:00 GMT)