Sika Acquires Gulf Additive Factory
Sika has acquired Gulf Additive Factory in the State of Qatar. The company manufactures a wide range of construction chemical products.
Sika
Sika Acquires Concrete Refurbishment Company in the US
Swiss construction chemicals major Sika has acquired Kwik Bond Polymers (KBP), a US-based manufacturer of polymer systems for the refurbishment of concrete infrastructure. Financial details of the transaction were not disclosed.
Cinven to Buy MBCC Admixture Assets from Sika
Private equity investor Cinven is acquiring MBCC Group’s admixture business from Swiss construction chemicals major Sika on the rebound. Earlier, the British Competition and Markets Authority (CMA) had turned thumbs down on plans to sell the business to Ineos, citing antitrust concerns.
Ineos to Acquire MBCC’s Admixtures Business
Ineos Enterprises has signed an agreement to buy MBCC Group’s admixture business from Sika. The deal is required by European antitrust regulators to approve Sika’s purchase of the MBCC Group, formerly BASF Construction Chemicals. The transaction is scheduled to complete in the first half of this year, subject to regulatory approvals.
Sika Boosts Construction Chemicals with MBCC Buy
Swiss specialty chemicals company Sika has agreed to buy MBCC Group, formerly BASF’s construction chemicals business, from an affiliate of private equity company Lone Star Funds for €5.2 billion. Sika described the deal as “highly complementary” and added that it expects the addition of MBCC’s portfolio to push sales above €12.3 billion by 2023.
Sika Sells German Coatings to Sherwin-Williams
Swiss specialty chemicals company Sika has agreed to sell its European industrial coatings business to US paints and coatings group Sherwin-Williams for an undisclosed sum.
