Sika Corporation, the U.S. subsidiary of Sika AG, has acquired the commercial and industrial polymer flooring business of The Valspar Corporation. The transaction closed on January 9, 2008. Revenues for this business totaled approximately $17 million for the fiscal year ended October 26, 2007.
Already a market leader in construction chemicals including adhesives and sealants, concrete admixtures, repair and strengthening products, Sika expects that this acquisition will further strengthen its North American position in the polymer flooring market. The parties have agreed not to disclose the sale price. Approximately 27 employees are expected to join Sika as part of the transaction.
The Valspar polymer flooring business, with its strong portfolio of epoxy and
The acquisition also creates for Sika the most comprehensive range of epoxy,