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Mergers & Acquisitions
Sika to buy construction chemicals maker MBCC
by Alex Scott
November 21, 2021
| A version of this story appeared in
Volume 99, Issue 42
Sika will acquire MBCC Group, the former construction chemical arm of BASF, for $5.9 billion from the venture capital firm Lone Star Funds. Lone Star bought the business from BASF in 2020 for about $3.6 billion. MBCC is set to post sales of $3.1 billion for 2021. It has about 7,500 employees and over 130 production sites. The deal will create a company with sales of $14 billion in 2023 and generate annual savings of up to $190 million by 2025, Sika predicts.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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