SIKA STRENGTHENS POSITION IN BRAZIL THROUGH ACQUISITION
Sika AG /
SIKA STRENGTHENS POSITION IN BRAZIL THROUGH ACQUISITION
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
Sika has agreed to acquire Lwart QuÃmica Ltda., a renowned supplier of
waterproofing products in Brazil. The acquisition strengthens Sika's position in
the Brazilian construction chemicals market and complements Sika's geographical
footprint in Brazil. Last year Lwart QuÃmica generated net sales of CHF 33
million.
Lwart QuÃmica Ltda. is a quality supplier of waterproofing products for the
construction industry in Brazil, with a portfolio comprising over 300
specialized products. The company operates with two highly recognized brands -
Lwart Impermeabilizantes in the technical waterproofing segment and Ciplak
Impermeabilizantes in the retail market - and serves a  strong, well-established
customer base.
Including the newly acquired production plant in Lençóis Paulista, Sika now
operates five factories in Brazil with a workforce of more than 700 employees.
The acquisition extends the product portfolio and strengthens Sika's position in
the Brazilian construction chemicals market. It also offers cross-selling
opportunities, partly through the established professional contractor customer
base and partly through the distribution channel.
Lwart's Group CEO Carlos Trecenti: "We are happy to have come to an agreement
with Sika, a solid company that, throughout the years, has brought innovative
technologies to the Brazilian construction chemicals market. Like Grupo Lwart's
corporate culture, Sika also values entrepreneurial spirit, long-term
partnerships, investment in our employees and commitment to sustainable
practices."
Sika CEO Jan Jenisch: "Lwart QuÃmica's waterproofing range gives us an exciting
platform for our future growth in the Brazilian construction market. We welcome
the employees of Lwart QuÃmica to Sika and are confident that we will
successfully develop the business together."
SIKAÂ AGÂ Zugerstrasse 50 CONTACT Dominik Slappnig
6341 Baar, Switzerland Corporate Communications &
www.sika.com Investor Relations
TELEPHONEÂ +41 58 436 68 21
E-MAIL slappnig.dominik@ch.sika.com
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 protection in the building sector and the motor vehicle
 industry. Sika has subsidiaries in 84 countries around the world and
manufactures in over 160 factories. Its more than 16,000 employees generate
annual sales of CHF 5.14 billion.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1758864/594714.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sika AG via GlobeNewswire
[HUG#1758864]