Sika acquires MBCC business generating net sales of CHF 2.1 billion in 2022. Expected annual synergies are CHF 160 to 180 million by 2026. The combined innovative power of Sika and MBCC will accelerate the sustainable development of transformation across the construction industry. Sika to reach sales of more than CHF 12 billion in 2023
Sika has finalized the acquisition of MBCC Group after receiving all necessary regulatory approvals. With this highly complementary transaction, the company is strengthening its geographic reach both globally and locally. In doing so, it expands its range of products and services across the full building life cycle and accelerates the sustainable transformation of the construction industry.
Headquartered in Mannheim, Germany, MBCC Group, formerly a subsidiary of Lone Star Funds, is active in structural and admixture systems. To close the deal and comply with regulatory requirements, Sika has sold the MBCC Group's chemical admixtures assets in the UK, US, Canada, Europe, Australia and New Zealand, transferring this part of the business to an international equity group/equity fund Cinven. The company acquired by Sika generated sales of CHF 2.1 billion in 2022, employs 6200 people and has operations in more than 60 countries and 95 production sites.
Thomas Hasler, CEO: "This is a historic time for Sika. We are delighted to welcome MBCC employees to our family. We are embarking on an exciting journey together creating a history of growth for the company. Together we will deliver better, world-class performance to our customers and develop more innovative and sustainable solutions."
Following the successful closing of the merger, Sika's portfolio of sustainable products will be further enhanced with the addition of innovative MBCC technologies. As a result, it will offer a broad and comprehensive range of solutions for sustainable transformation of the construction industry, helping customers reduce their carbon footprint.
Customers will benefit from an improved and more efficient distribution network in all areas of the construction market. Sika expects to generate annual synergies in the range of CHF 160 to 180 million by 2026. The combined Group is expected to achieve sales in excess of CHF 12 billion in 2023.
SIKA CORPORATE PROFILE
Sika is a specialty construction chemicals company with a leading position in the development and manufacture of systems and products for adhesion, sealing, damping, reinforcement and protection in the construction and automotive sectors.
Sika has subsidiaries in 101 countries around the world and manufactures in more than 300 factories. More than 27,500 employees generated annual sales of CHF 10.49 billion in 2022.