Sika to Acquire MBCC Group

Sika has signed a definitive agreement to acquire MBCC Group, formerly BASF Construction Chemicals, from a subsidiary of global private equity firm Lone Star Funds for EUR 5.2 billion.

This combined business will be a significant accelerator in driving the sustainable transformation of both Sika's and MBCC Group's customers further and faster.

MBCC Group has a product portfolio comprised of globally recognized international and local brands with strong reputations for quality and reliability. With its balanced product offering, MBCC Group participates in all phases of the construction lifecycle and makes a significant contribution to decarbonizing the construction sector.

Sika Chief Executive Officer Thomas Hasler: "Two sustainability champions will combine their strengths. Sika is the class leader in sustainable solutions across the entire construction industry, and similarly, sustainability is at the heart of MBCC Group's business. Together we will strengthen our complementary product and service portfolio across the entire construction lifecycle.

With our combined portfolio, we will enable and accelerate the future of sustainable construction for the benefit of our customers, employees, shareholders and future generations."

MBCC Group Chief Executive Officer Jochen Fabritius: "We have found an excellent partner that shares our core values. Sika is known for its profitable growth strategy, including its entrepreneurial spirit and strong acquisition track record.

Our products and capabilities will continue to be at the heart of the business. We look forward to exploring new and exciting business opportunities together with Sika. I would like to thank Lone Star for its tremendous support in recent years and for helping us prepare for this next chapter."

The acquisition is subject to regulatory approval. Completion of the acquisition is targeted for the second half of 2022.