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 ESD (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, visitwww.sika.com.
SIKA ACQUIRES POLYMER FLOORING BUSINESS OF ICS GARLAND INC.
May 1, 2008