Sika AG, headquartered in Baar, Switzerland, is selling Sarna Plastec AG, Sarnen, Switzerland, in a management buyout to Kurt Mäder, the company’s managing director, and Andre Strasser, head of marketing and sales. Sarna Plastec AG develops, manufactures and sells customer-specific solutions in foams and plastic films. In 2006, the company reached a turnover of approximately CHF 13 mil. The parties agreed not to disclose the purchase price.

With the takeover of Sarna Polymer Holding Inc. in 2005, Sarna Plastec AG became part of the Sika Group. Sarna Plastec operates in specialty niche markets that are not part of Sika’s strategic focus.

The sale to its management allows Sarna Plastec to develop sales in its markets in keeping with its goals and guarantees continuity for its staff of about 70 employees as well as its customers. Sarna Plastec will remain at its present location on the Sika Sarnafil site.

The completion of the transaction is to take place in the next few weeks.