International private equity firm, Cinven, announced that it has signed an agreement with Sika AG to acquire MBCC Group’s Admixtures business. MBCC Admixtures is a leading global manufacturer of concrete admixtures, as well as other sustainable solutions for the construction industry. The business provides value-added technology and chemistry expertise to improve the performance of construction … Read more
Sika has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of around EUR 5.2 billion ($6 billion). MBCC Group is a leading supplier in construction chemicals worldwide. Headquartered in Mannheim, Germany, the group has 7,500 … Read more
Sika acquires Shenzhen Landun Holding Co., Ltd., a manufacturer of waterproofing systems in China. Landun offers a comprehensive range of waterproofing products and technologies, perfectly complementing Sika’s existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market. Financial terms of the deal were not disclosed. Landun is a highly … Read more
Saint-Gobain announced the completion of sale of its stake in Sika held by its subsidiary Schenker-Winkler Holding AG, netting it 1.54 billion euros ($1.69 billion). Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity … Read more
Sika announced on 25th, Feb that the company has joined the ‘Together for Sustainability’ (TfS) initiative as a new member. The organization, founded in 2011, aims to improve sustainability practice within the supply chain of the chemicals industry. According to Sika, sustainability is a key feature and a central element of its growth strategy. “With … Read more
Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates … Read more
Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With the acquisition, Sika expects to expand its product portfolio for the building finishing market, further strengthening its world leader position in construction chemicals, and reaching sales in excess of $ 8 billion for 2019. The … Read more