BASF Group has completed the long-planned sale of its Construction Chemicals business, including Admixture Systems, to MBCC Group, a Mannheim, Germany entity backed by private equity investor Lone Star Funds. The BASF Construction Chemicals office and lab in Beachwood, Ohio, will serve as an MBCC Americas region headquarters.
Read More
Sources: MBCC Group, Mannheim, Germany; CP staff BASF Group closed the third quarter with the long-planned sale of its Construction Chemicals business, including Admixture Systems, to MBCC Group, a German peer backed by private equity investor Lone Star Funds. The former BASF Construction Chemicals office and lab in Beachwood, Ohio, will serve as an MBCC regional headquarters for the Americas.
Read MoreSources: Euclid Group, Cleveland; CP staff
With an eye to global construction, structural and civil engineering markets, Euclid Chemical parent RPM International has formed Euclid Group, encompassing the namesake concrete admixture and materials business, plus sister subsidiaries, operating companies or brands Eucomex, Toxement, Cave, Viapol, Flowcrete, RPM Belgium and Vandex.
Read MoreSources: Freedonia Group, Cleveland; CP staff
U.S. demand for construction chemicals used in on-site applications is projected to grow 8.2 percent per year through 2018 to $12.1 billion. Gains will be primarily driven by double-digit increases in building construction expenditures, owing to healthy economic growth and an improved consumer financial outlook. Increased economic activity and greater government investment in the aging infrastructure will also support construction chemical use in nonbuilding applications.
Read MoreSources: BASF Construction Chemicals, Cleveland; CP staff
BASF has unveiled advanced packaging for its Master Builders MasterFiber MAC Matrix product, whereby the macrosynthetic fiber is condensed in an aligned format, improving dispersion in concrete mixtures over traditional loose fiber alternatives.
Read More