Sources: Sika AG, Baar, Switzerland; CP staff In one of the final major moves to consummate its MBCC Group takeover, Sika AG has entered an agreement whereby London-based petrochemicals Giant Ineos Enterprises will acquire Master Builders Solutions concrete admixture businesses in the U.S., Canada, United Kingdom and Europe, along with MBCC’s complete Australia and New Zealand portfolios. The proposed transaction…
Read MoreTag: MBCC Group
Sika confirms MBCC Group takeover progress
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…
Read MoreMaster Builders brand, Construction Chemicals frame new owner to the letter
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 MoreBASF completes Master Builders brand, Construction Chemicals spinoff
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 More