SICO INC.

SICO INC.

January 11, 2005 08:20 ET

Sico Inc.: Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SICO INC.

TSX SYMBOL: SIC

JANUARY 11, 2005 - 08:20 ET

Sico Inc.: Announcement

LONGUEUIL, QUEBEC--(CCNMatthews - Jan. 11, 2005) - Sico Inc. (TSX:SIC)
announces that Mr. Yves Gosselin has resigned as Vice President General
Manager, Industrial Sector and Operations a position he held since 2003,
to head a company involved in the construction materials industry. Mr.
Gosselin will leave the company on February 11 and a successor will be
appointed in the following weeks.

"During the 10 years he spent with Sico, Yves has been instrumental in
making our company cost competitive", said Pierre Dufresne President and
Chief Executive Officer, Sico inc. "We thank him for his contribution to
the success of our company".

In business since 1937, SICO is Canada's largest organization
specializing in the development, manufacturing and marketing of paint,
coatings and related products. The Canadian leader in the architectural
paint market, SICO distinguishes itself for its innovative, high-quality
products enjoying strong brand recognition, and the scope of its
distribution network which includes more than 2 300 points of sale
throughout the country. SICO also markets coatings, mainly for the
railway, aerospace and heavy transportation industries, and the
specialized equipment industries. A public company listed on the Toronto
Stock Exchange under the ticker symbol SIC, SICO employs an average of
1,000 people in Canada, the United States and Mexico.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    SICO INC.
    Pierre Dufresne
    President and Chief Executive Officer
    (514) 527-5111
    or
    SICO INC.
    Jean Ouellet, CA
    Vice President, Finance and Treasurer
    (514) 527-5111
    www.sico.com