Last week, Sika’s announcement regarding its planned acquisition of MBCC Group drew the most reader interest (Sika to Acquire MBCC Group for $6 Billion): “Sika recently announced that it has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds for a consideration of CHF 5.5 billion (approximately $6 billion). Sika reports that the acquisition will complement and broaden its product and solution offerings in four of five core technologies and seven of eight Sika Target Markets and will further strengthen the group’s geographic footprint.
“Headquartered in Mannheim, Germany, MBCC Group is active in the field of construction systems and admixture systems. With approximately 7,500 employees, the group has operations in over 60 countries and more than 130 production facilities. In 2021, the company is expected to generate net sales of CHF 2.9 billion (~ $3.1 billion).
“MBCC has a product portfolio of global and local brands that reportedly enjoy a strong reputation for quality and reliability. The company participates in all phases of the construction life cycle and is reportedly a key contributor to the decarbonization of the construction industry.”
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Top 5 News that Sticks for November 21-27
- Sika to Acquire MBCC Group for $6 Billion #5 last week
- Henkel Adhesive Technologies Announces 2021 Supplier Award Recipients: BASF, Eastman, and Schütz
- Arkema Sales Jump Almost 30% in 2021 Third Quarter
- Sekisui Specialty Chemicals Announces Global Price Increase
- Evonik Enhances Polyurethane Additives Capabilities with New Innovation Center
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.
