Sika has completed the acquisition of the MBCC Group after having received all necessary regulatory approvals from the competent authorities. Through this acquisition, Sika strengthens its presence in all regions and reinforces its range of products and services across the entire life cycle of building materials with the aim of driving and accelerating the sustainable transformation of the construction industry.
MBCC Group, formerly owned by a subsidiary of the investment fund Lone Star Funds and headquartered in Mannheim, Germany, is active in building systems and additive systems. To meet regulatory requirements and close the transaction, Sika sold MBCC Group's chemical admixture assets in the UK, US, Canada, Europe, Australia and New Zealand to Cinven, an international private equity firm. In turn, Sika acquired the remainder of the MBCC Group business, which has 6,200 employees, operations in more than 60 countries and 95 production facilities. This business generated net sales of CHF 2.1 billion in 2022 (EUR 2,133 million).
Following the closing of the transaction, Sika is moving towards its goal of driving the sustainable transformation of the construction industry in a more comprehensive and accelerated manner. It will offer its customers a more complete range of sustainable solutions, helping to reduce their carbon footprint and that of the construction industry. MBCC's innovative technology will add to Sika's portfolio of sustainable products.
With this transaction, Sika strengthens its growth platform by expanding its product and solution offerings in four of Sika's five core technologies and in seven of the company's eight target markets. The objective of this transaction is that customers will also benefit from a better and more efficient distribution network in all construction markets. Sika expects to generate annual synergies of between EUR 162 million and EUR 183 million by 2026. The combined group will generate sales of more than €12.19 billion by 2023.