Sika AG, Baar, Switzerland, is streamlining its German business portfolio by divesting its 72% interest in Bauschutz GmbH in Asperg.

The company whose business in corrosion protection of steel structures represented a specialty line within the Sika Group did not ever operate under the Sika name.

Sika’s holding in Bauschutz is being acquired as of September 1, 2004 for 4.4 mil. euros by the German company’s current management. Sika AG realized a book profit of one million euros on the transaction. Bauschutz GmbH sales totaled 31 mil. euros in 2003.

Sika and Bauschutz GmbH will continue to maintain close business relations. They signed a multi-year agreement covering the supply of Sika products to Bauschutz GmbH.