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Mergers & Acquisitions
UK puts Sika’s purchase of MBCC on hold
by Alex Scott
August 14, 2022
| A version of this story appeared in
Volume 100, Issue 28
The planned acquisition of MBCC Group by Swiss construction chemical giant Sika has been put on hold while UK regulatory authorities make an in-depth assessment of whether the deal would be anticompetitive. Sika agreed to buy MBCC, the former construction chemical business of BASF, from the investment firm Lone Star Funds in November 2021 for $5.9 billion. Sika says it now aims to complete the deal in the first half of 2023 rather than by the end of 2022.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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