Sika AG Buys Valspar Polymer Flooring Business

Baar, Switzerland, January 11, 2008--Sika AG has acquired the commercial and industrial polymer flooring business of The Valspar Corporation. The price was not disclosed.

The transaction closed on Jan. 9. Revenues for the business totaled approximately US $ 17 million for the fiscal year ended October 26.

Sika said it expects that the acquisition will strengthen its North American position in the polymer flooring market.

The Valspar polymer flooring business has a portfolio of epoxy and polyurethane technology products. Sika said its North American position in the flooring business was weak and the acquisition should help it grow there.

Sika said outside North America it is the leader in the industry.