Adhesives Magazine

SIKA ACQUIRES POLYMER FLOORING BUSINESS OF ICS GARLAND INC. (4/30/08)

April 30, 2008

Sika AG has announced that its U.S. subsidiary, Sika Corp., has acquired the commercial and industrial polymer flooring business of ICS Garland Inc. Revenues for this business totaled approximately $14 million for the fiscal year ended Dec. 31, 2007.

With its second acquisition in North America this year, Sika has added another long-respected player to its Industrial Flooring business in this region. The ICS Garland polymer flooring business, with its strong portfolio of epoxy, polyurethane and ESC (Electrostatic Sensitive Devices) technology products, is an excellent fit for Sika’s focused growth strategy for North America. With an established range of products, people and quality applicators, the ICS Garland polymer flooring business complements Sika’s fast-growing position in this key market.

Already a leader in construction chemicals (including adhesives and sealants, concrete admixtures, repair and strengthening products), Sika expects that this acquisition will further strengthen its North American position in the polymer flooring market. The parties have agreed to not disclose the sales price. Approximately 45 employees are expected to join Sika as part of the transaction, including the ICS Garland manufacturing facility and offices in Cleveland.

For more information, visit www.sika.com.