Sika has completed the acquisition of MBCC Group after having received all necessary regulatory approvals. With this highly complementary transaction, Sika strengthens its footprint across all regions, reinforces its range of products and services across the entire construction life cycle and drives the sustainable transformation of the construction industry further and faster.
MBCC Group, headquartered in Mannheim, Germany, and formerly owned by an affiliate of Lone Star Funds, is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of over $3 billion in 2022, employs 6,200 people and operates in over 60 countries and 95 production facilities.
“Today is a historic day for Sika,” said Thomas Hasler, CEO. “We are delighted to welcome the MBCC employees to the Sika family. We embark on our exciting journey and will continue to drive Sika’s growth story. Thanks to our extensive experience in integrating companies, we will successfully bring Sika and MBCC together and combine our strengths to create the new reference in the construction chemicals industry. Together we will deliver world class performance for our customers and develop innovative, sustainable solutions.”
After the successful closing, Sika’s sustainable product portfolio will be further enhanced with MBCC’s innovative technologies. Sika will offer a wide and comprehensive range of solutions to enable the sustainable transformation of the construction industry and help customers reduce their carbon footprint.
With this transaction, Sika strengthens its growth platform by broadening its product and solution offerings in four of five core technologies and seven of eight Sika Target Markets. Customers will benefit from an enhanced and more efficient distribution network across all construction markets. The combined Group is set to reach sales in excess of $18 billion in 2023.
MBCC’s strong main brands Master Builders Solutions, PCI, Thermotek, Wolman, Fire Protectors, Colorbiotics, Watson Bowman Acme, TPH, and Nautec are well established in the marketplace. Along with Sika, innovations will continue to address sustainability challenges in the industry.
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