07/13/06 - IKO UK Ltd. Acquires Marley Waterproofing

Antwerp, BELGIUM, July 13, 2006 - Leading roofing and waterproofing supplies producer IKO UK Ltd. announced today its acquisition of venerable UK waterproofing products manufacturer Marley Waterproofing. The acquisition, filed with the British Office of Fair Trading in May, became final this week.

IKO, the Canadian based manufacturer of residential and commercial roofing products, entered the European market in 1972, when it constructed a shingle manufacturing plant in Ham, Belgium. The company now owns 10 plants in 6 countries across Europe, including IKO UK Ltd., in Lancashire.

"We're very pleased to have the staff and facilities of Marley Waterproofing join the IKO family," said Hartley Koschitzky, head of IKO's European Operations. "When you have the opportunity to make an investment in a company like this, with nearly 2 centuries of success in its history, it only serves to enhance your business. We're very committed to our European markets, and we know that the Marley Waterproofing brand will contribute to our continued success."

Marley Waterproofing has been one of the United Kingdom's leading manufacturers of waterproofing products for more than 170 years. Located in Kent, the company produces a wide range of membranes and supplies for commercial roofing projects, and employs 85 people at its manufacturing facility.

IKO Industries Ltd. is a global leader in the manufacture and supply of commercial and residential roofing products. Founded in Calgary, Alberta, in 1951, the family owned business has grown to include about 20 manufacturing plants and 3000 employees worldwide.

06/26/06 - IKO Midwest Is Open For Business

Kankakee, IL, May 26, 2006 – Leading asphalt shingle producer IKO Industries Ltd. is ready to open the doors on it’s new state of the art manufacturing plant in central Illinois. IKO Midwest, an arm of IKO Industries Ltd. of Calgary Alberta, is nearing completion on its new 150,000 square foot facility in Kankakee, with production scheduled to begin next month.

IKO began construction on the site in the summer of 2004. With the work now complete, the new facility will produce a full line of IKO’s fiberglass based residential asphalt shingles, mainly for markets in the US Midwest. The Kankakee operation is the fifth US based production facility for IKO. The company already owns plants in Wilmington Delaware; Chicago, Illinois; Franklin, Ohio; and Sumas, Washington.

"We're excited to get production under way in Kankakee, and the plant is an integral part of our future plans in the US market," said Warren Schultz, Eastern US Regional Manufacturing Manager for IKO. "Getting to this stage requires a lot of support from people outside the company, and we're grateful for the involvement and welcome we've received from the people and the officials of the City of Kankakee."

Schultz also notes that an official grand opening in the community is scheduled for late this summer.

IKO Industries Ltd. is a global leader in the manufacture and supply of commercial and residential roofing products. Founded in Calgary, Alberta, in 1951, the family owned business has grown to include about 20 manufacturing plants and 3000 employees worldwide.