Sika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn.
According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its core technologies and seven out of its eight target markets. It will also further strengthen Sika’s geographic footprint. By adding the portfolio of MBCC Group, Sika expects to reach sales in excess of CHF13bn in 2023 and is committed to generating 80 per cent of its sales from products that positively impact sustainability.
“Sika is first in class for sustainable solutions across the entire construction industry, and similarly, sustainability stands at the core of MBCC Group’s business,” said Thomas Hasler, CEO, Sika. “With our combined portfolio, we will enable and accelerate the future of sustainable construction for the benefit of customers, employees, shareholders, and coming generations.”
The transaction is expected to complete in the second half of 2022.
