Swiss Firm Sika Acquires Panbex Group

Baar, Switzerland, March 31, 2010--Sika AG said that its Czech subsidiary, Sika CZ s.r.o., has acquired the business of the Czech Panbex Group.

The Panbex business mainly consists of cementitious flooring systems, with leading market positions in the Czech Republic, Poland, Romania, Serbia and Slovakia.

The Panbex Group sales in 2009 amounted to approximately $9.4 million.

The business will be integrated into the respective Sika country organizations.

Sika's product lines feature concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems.