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2016-10-18

Sika AG: SIKA HAS AGREED TO ACQUIRE A LEADING MORTAR MANUFACTURER IN HONG KONG

Sika AG / SIKA HAS AGREED TO ACQUIRE A LEADING MORTAR MANUFACTURER IN HONG
KONG. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Sika has agreed to acquire Ronacrete (Far East) Ltd., one of the leading
suppliers of repair mortars, tile adhesives and other mortar products in Hong
Kong. This acquisition is in line with the global expansion of the
high-margin mortar business - a core component of Strategy 2018. The
Ronacrete plant brings Sika's mortar footprint to 89 factories worldwide.

Ronacrete is a leading manufacturer of repair mortars, tile adhesives and
other specialty products for the Hong Kong construction industry. With its
excellent technical expertise the company has built up a strong specification
business over the last few decades and has established itself as a preferred
partner for private and public key developers in Hong Kong. Ronacrete is
based in Hong Kong and operates an efficient production facility in the
neighbouring Guangzhou province.

Hong Kong is a mega city with a rising demand for refurbishment. The
construction market is expected to grow by more than 5% annually over the
course of the next five years, also driven by an increase in public housing
projects. By acquiring Ronacrete, Sika will extend its manufacturing
footprint to better serve this market. The wider product range and improved
market access will allow the combined businesses to fully participate in the
growing Hong Kong construction market.

Heinz Gisel, Regional Manager Asia/Pacific: "The acquisition represents a
further step in the expansion of Sika's mortar business. It will provide us
with access to new market channels and a comprehensive mortar range with an
established market position. We welcome the Ronacrete employees to the Sika
team and look forward to growing our business together."

CONTACT

Dominik Slappnig
Corporate Communications&
Investor Relations
+41 58 436 68 21
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 automotive
industry. Sika has subsidiaries in 97 countries around the world and
manufactures in over 170 factories. Its more than 17,000 employees generated
annual sales of CHF 5.49 billion in 2015.

The media release can be downloaded from the following link:

Media Release
http://hugin.info/100359/R/2049469/766440.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via Globenewswire

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