Sika Further Strengthens Polymer Flooring Business in North America
May 7, 2008
Sika AG announces that its U.S. subsidiary, Sika Corporation, has acquired the commercial and industrial polymer flooring business of ICS Garland. The transaction closed on April 25, 2008. 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 into its industrial flooring business in this region. The ICS Garland polymer flooring business, with its strong portfolio of epoxy, polyurethane, and ESD technology products, is an excellent fit for Sika’s focused growth strategy for North America.
The parties have agreed not to 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, OH.
Already a global leader in construction chemicals including adhesives and sealants, concrete admixtures, and repair and strengthening products, this acquisition also creates for Sika the most comprehensive range of epoxy, polyurethane, and other key polymer flooring products and technologies in the industry.
Sika Corporation Construction Products Division, Lyndhurst, NJ, is a technology leader with more than 90 years of experience in concrete materials and restoration technology. Sika’s product line includes concrete admixtures, sealants, adhesives, corrosion inhibitors, specialty mortars, epoxy resins, structural strengthening systems, grouts, anchoring adhesives, overlays, and protective coatings. Full service sales and technical offices support customers nationwide.
www.sikaconstruction.com
Sika Corporation is a supplier of specialty chemical products and industrial materials serving construction and industrial markets including transportation, marine, and automotive. Sika is a subsidiary of Sika AG, Baar, Switzerland, and has annual sales of approximately $2.1 billion, more than 10,000 employees, and operations in more than 70 countries.
www.sikacorp.com