Press Release: SIKA ACQUIRES LEADING MANUFACTURER OF CONSTRUCTION MATERIALS IN ROMANIA

SIKA ACQUIRES LEADING MANUFACTURER OF CONSTRUCTION MATERIALS IN ROMANIA

Sika has agreed to acquire Adeplast SA, a major manufacturer of mortars

and thermal insulation solutions in Rumania. The acquisition will

significantly strengthen Sika's position in the local construction

chemicals market and extend its manufacturing footprint.

Adeplast generates sales of CHF 120 million with a workforce of 460

employees. The transaction is subject to clearance by anti-trust

authorities.

Adeplast is headquartered in Ploie ti, 70 km north of Bucharest, and

produces a wide range of building mortars as well as thermal insulation

(EPS) for building envelope solutions. It operates four state-of-the-art

production plants which provide a nationwide coverage of Romania and

offers also the potential to serve neighboring countries. The

strategically located facilities will enable Sika to realize efficiency

gains in logistics and warehousing as well as to further enhance its

ability to serve customers with fast supply and excellent product

availability. With the acquisition, Sika Romania will strengthen its

product portfolio for the Target Market Building Finishing and gain

access to Adeplast's large, well-established network of distributors.

Ivo Schädler, Regional Manager EMEA: "Adeplast is a proven industry

leader and will considerably strengthen the presence of our Target

Market Building Finishing in the growing Romanian market. The improved

access to the distribution channel will offer exciting cross-selling

opportunities, increase our market penetration, and drive the continued

growth of both companies. We warmly welcome the Adeplast employees to

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

Alexander B rbu, Representative of the owners of Adeplast: "Adeplast

was the life's work of our father, Marcel B rbu, and is a Romanian

success story. We are convinced that Sika will continue this story and

take the company even further, as part of one of the leading groups in

Europe in our industry."

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com

https://www.globenewswire.com/Tracker?data=oUHOsSaNi0piiS5Gs6oKFzpE_BiyOthW0rVxwqWSyReffemBZ8cMl9_zY9v4baiiDFkjaeO4O1fIt_izVegEaliRB331St2U24vq2SZuGJWnv6xlNHgGbZHMfymzovCX

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 101 countries around the

world and manufactures in over 300 factories. Sika employs more than

24,000 people and is forecasting sales of over CHF 8 billion for fiscal

2019.

The media release can be downloaded from the following link:

-- Media Release

https://ml-eu.globenewswire.com/Resource/Download/bd9cc82e-16b7-492f-89a2-3d005842b377

(END) Dow Jones Newswires

November 25, 2019 01:00 ET (06:00 GMT)