20.12.2017 06:59:47
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Press Release: SIKA ACQUIRES US MARKET LEADER FOR STRUCTURAL EXPANSION JOINTS
Sika AG / SIKA ACQUIRES US MARKET LEADER FOR STRUCTURAL EXPANSION JOINTS
. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Sika has acquired Emseal Joint Systems, Ltd., a US-based market leader
in the development and manufacturing of structural expansion joint
products for new construction and refurbishment. With the acquisition,
Sika will be able to offer the most comprehensive range of sealing and
bonding solutions available in the North American construction market.
Emseal generates annual sales of CHF 40 million.
Based near Boston, Emseal is a well-established US company with a strong
brand and a leading position with construction specifiers and
contractors throughout North America. Emseal is a technology-driven
company, with a reputation for high-quality products, excellent customer
service and innovative solutions for structural expansion joint
applications in buildings, stadiums, parking garages and infrastructure
facilities. The acquisition perfectly complements Sika's range of
sealing and bonding products and offers extensive cross-selling
opportunities for other Sika technologies. With manufacturing in Toronto,
Canada, and Westborough, Massachusetts, Emseal is well-positioned
geographically to supply the North American market.
Christoph Ganz, Regional Manager North America: "The acquisition of
Emseal fits perfectly with our growth strategy in North America,
enabling Sika to reach new contractor customers and better penetrate key
projects. We see significant synergies coming from the combined
technologies and product ranges of Sika and Emseal. We are proud to
welcome the successful team from Emseal into the Sika family and we are
excited about growing our business together."
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 protection in the building sector and
automotive industry. Sika has subsidiaries in 100 countries around the
world and manufactures in over 200 factories. Its more than 17,000
employees generated annual sales of CHF 5.75 billion in 2016.
The media release can be downloaded from the following link:
Media Release (pdf): http://hugin.info/100359/R/2157081/829063.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
December 20, 2017 01:00 ET (06:00 GMT)
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