Sika AG Buys Swedish Industrial Resins Firm

Vadstena, Sweden, Oct. 13, 2008--Sika AG has acquired Pelplast Utvecklings AB based in Vadstena, Sweden.

With the acquisition Sika expands its technology offering in specialty epoxy resins for compact floors and strengthens its market position in industrial flooring.

The integration of Pelplast's flooring technologies and products broadens Sika's capability to service a wider variety of customers, particularly in the industrial flooring business in Northern Europe, and on a global basis. In addition, an existing network of customers as well as application specialists has become available to Sika.

Pelplast will be integrated into the operations of Sika Sweden.

Pelplast is renowned for its innovative capabilities with a wide range of specialty resin-based products for floors with high requirements regarding aesthetics. The company achieves sales of about $1.95 million annually.