Sika buys another US polymer flooring business

07 May 2008 14:41  [Source: ICIS news]

TORONTO (ICIS news)--Sika has acquired the commercial and industrial polymer flooring business of US building technologies firm ICS Garland to further strengthen its position in North America, the Swiss specialty chemicals firm said on Wednesday.

 

“The ICS Garland polymer flooring business greatly enhances and complements Sika's fast-growing position in this key market,” it said, without disclosing financial terms.

 

The acquired business had revenues of about $14m (€9m) last year, Sika said.

 

In January, it acquired the polymer flooring business of US paint and coatings producer Valspar.

 

The ICS Garland deal was closed on 25 April, it added.

 

($1 = €0.65)

 

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