Sika recently announced that it has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds for a consideration of CHF 5.5 billion (approximately $6 billion). Sika reports that the acquisition will complement and broaden its product and solution offerings in four of five core technologies and seven of eight Sika Target Markets and will further strengthen the group’s geographic footprint.
Headquartered in Mannheim, Germany, MBCC Group is active in the field of construction systems and admixture systems. With approximately 7,500 employees, the group has operations in over 60 countries and more than 130 production facilities. In 2021, the company is expected to generate net sales of CHF 2.9 billion (~ $3.1 billion).
MBCC has a product portfolio of global and local brands that reportedly enjoy a strong reputation for quality and reliability. The company participates in all phases of the construction life cycle and is reportedly a key contributor to the decarbonization of the construction industry.
“Two sustainability champions will join forces,” said Thomas Hasler, CEO of Sika. “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. Together we will reinforce our complementary range of products and services across the entire construction life cycle. With our combined portfolio, we will enable and accelerate the future of sustainable construction for the benefit of customers, employees, shareholders, and coming generations.”
According to Jochen Fabritius, CEO of MBCC Group, “We have found a perfect partner who shares our core beliefs. Sika is well-known for its entrepreneurial spirit and its profitable growth strategy, including a strong acquisition track record. Our products and competencies will again be at the core of the business. Together with Sika, we are looking forward to exploring new and exciting business opportunities. I would like to thank Lone Star for the tremendous support during the past few years and for helping us to prepare for this next chapter.”