07.01.2014 19:13:35
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Press Release: SIKA ACQUIRES REMAINING SHARES OF DYFLEX JAPAN AND ACHIEVES 100% OWNERSHIP
(MORE TO FOLLOW) Dow Jones Newswires
January 07, 2014 12:40 ET (17:40 GMT)- - 12 40 PM EST 01-07-14
-2 of 2- 07 Jan 2014 17:40:00 UTC Press Release: SIKA ACQUIRES REMAINING SHARES OF DYFLEX JAPAN AND ACHIEVES 100% OWNERSHIP
Sika AG / SIKA ACQUIRES REMAINING SHARES OF DYFLEX JAPAN AND ACHIEVES 100% OWNERSHIP . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Sika has acquired the remaining 24.5% of Dyflex HD Co., Ltd. as of January 7, 2014 and achieves 100% ownership. The complete takeover further strengthens Sika's position in the Japanese construction market.
Sika has been present with its own subsidiary in Japan since 1932 and is well-known as a reliable partner for many landmark projects, having a particularly strong presence in the area of concrete admixtures and sealing & bonding solutions. The complete takeover of Dyflex confirms Sika's long-term commitment in Japan and is another step in strengthening Sika's position in the Japanese construction market.
Dyflex, founded in 1964, is a company with a long tradition in the Japanese market. Dyflex is a market leader in liquid waterproofing in Japan with well established brands and customer relations. Since the acquisition of the majority stake in 2010, numerous cross-selling opportunities and synergies have already been realized between the two companies.
Jan Jenisch, CEO of Sika: "We are proud to have the full ownership of Dyflex Japan with all their successful and highly competent people. The transfer of technologies and know-how between Sika and Dyflex will be intensified and the strategic development of the business further explored."
SIKA AG Zugerstrasse 50 CONTACT Dominik Slappnig 6341 Baar, Switzerland TELEPHONE Corporate Communications & www.sika.com E-MAIL Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com
SIKA AG CORPORATE PROFILE
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals company. Sika supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, solar and wind power plants, façades). Sika's product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Worldwide local presence in 80 countries and some 15,200 employees link customers directly to Sika and guarantee the success of all partners. Sika generated annual sales of CHF 4,829 million in 2012.
The media release can be downloaded from the following link:
Media Release: http://hugin.info/100359/R/1753245/591341.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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
HUG#1753245
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Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com (END) Dow Jones Newswires
January 07, 2014 12:40 ET (17:40 GMT)- - 12 40 PM EST 01-07-14
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