Sources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent company of Sika Corp., Lyndhurst, N.J., expresses confidence in the prospects for a second half closing on Master Builders Solutions owner, MBCC Group, based in Mannheim, Germany with an Americas headquarters in Cleveland. The companies announced their nearly $6 billion merger plan late last year, subject to approval by regulators on both sides of the Atlantic, who are likely to examine the combined businesses’ impact on competition in concrete admixtures plus construction chemicals and systems.
Sika AG management sees the deal complementing and broadening the company’s product and solutions offering in four of five core technologies and seven of eight target markets; strengthening its geographic footprint; and, “giv[ing] rise to a major player supporting greater sustainability.”
In other guidance affecting 2022, CEO Thomas Hasler paints last year as one that was expected to be challenging, yet proved very successful—as indicated in a 17 percent increase in sales versus 2020 figures. “We are benefiting from a number of growth platforms and are in an ideal position to achieve long-term success,” he observes. “Thanks to our innovative technologies, we are the partner of choice for many customers in the construction and industrial sectors. We have solutions in place for all the development stages of construction markets, and government supported investment programs running into the billions will provide further impetus for our business. In addition, we are making targeted use of the megatrends that drive our key markets. There is huge demand for sustainable solutions. Our products and services enable customers to reach their ambitious sustainability goals.”