Saturday, April 1, 2023

Sika sells parts of the MBCC Group

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Sika sells parts of the MBCC Group to Ineos

As announced, the building materials group Sika is separating from parts of the former construction chemicals business of BASF after the takeover of the MBCC Group. Part of MBCC Group’s additives business is now being sold to Ineos Enterprises.

A corresponding agreement had been signed, Sika announced on Monday. Ineos Enterprises acquires MBCC’s additives business in the United States, Canada, Europe and the United Kingdom. In addition, Ineos acquires the entire divisions in Australia and New Zealand.

The sold business generated sales of around 920 million francs in 2022 and includes production and sales locations in 36 countries with over 1,600 employees.

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