02/05/2023
Sika has acquired the MBCC Group, a leading global supplier of construction chemicals. With a focus on innovation and sustainability, MBCC Group has been at the forefront of driving positive change in the construction industry.
SIKA SUCCESSFULLY CLOSES MBCC ACQUISITION AND REINFORCES POSITION AS SUSTAINABILITY CHAMPION IN THE GLOBAL CONSTRUCTION INDUSTRY
- Annual synergies expected in the range of CHF 160 – 180 million by 2026
- Integration process well prepared and to start as of today
- Sika, together with MBCC, will accelerate the speed of the sustainable transformation of the construction chemicals industry by its combined innovation power
- Sika is set to reach sales in excess of CHF 12 billion in 2023
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 sustainability 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. Sika acquired all remaining business of MBCC Group, with 6,200 employees, operations in over 60 countries and 95 production facilities. The business generated net sales of CHF 2.1 billion in 2022.
"Today is a historic day for Sika. We are delighted to welcome MBCC’s employees to the Sika family. Together we start the next part of our journey and drive Sika forward on its growth path. We are well experienced in integrating companies and look forward to successfully bringing Sika and MBCC together. We will combine our strengths to create the new reference in the construction chemicals industry. Together we will innovate and create worldclass performance and sustainable solutions for our customers." Thomas Hasler, CEO
After the successful closing, Sika will deliver on its ambition to drive the sustainable transformation of the construction industry further and faster. It will offer a wider and most comprehensive range of sustainable solutions to its customers that help reduce their, and the construction industry carbon footprint. For instance, Sika’s sustainable product portfolio can now be further enhanced with MBCC’s innovative technologies.
With the transaction, Sika has strengthened 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 also benefit from an enhanced and more efficient distribution network across all construction markets. Sika expects to generate annual synergies in the range of CHF 160 – 180 million by 2026. The combined Group is set to reach sales in excess of CHF 12 billion in 2023.
Sika and MBCC Group
Sustainability and Innovation Champion in Construction Chemicals
