Who will buy BASF Construction Chemicals?

Sika will acquire MBCC Group, the former construction chemical arm of BASF, for $5.9 billion from the venture capital firm Lone Star Funds. Lone Star bought the business from BASF in 2020 for about $3.6 billion. MBCC is set to post sales of $3.1 billion for 2021.

Did BASF get bought out?

Sika said on Thursday it was buying MBCC, the former BASF Construction Chemicals, from an affiliate of private equity firm Lone Star Funds. MBCC's products include long-lasting flooring systems and admixtures to extend the life of concrete.

Who purchased BASF?

Lone Star Funds to acquire BASF's Construction Chemicals business. Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF's Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion.

Is Mbcc owned by BASF?

Lone Star is now the new owner of the business. MBCC Group has been carved-out from BASF Group over the past 18 months and has been built as a standalone organization. MBCC Group serves more than 30,000 customers and business partners around the globe. … Jochen Fabritius will be the new CEO of MBCC Group.

Did Sika buy Master Builders?

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.

What products does BASF make?

Products

• Agriculture.
• Automotive & Transportation.
• Chemicals.
• Construction.
• Electronics & Electric.
• Energy & Resources.
• Furniture & Wood.
• Home Care and Indsutrial & Institutional Cleaning Solutions.

Who did BASF merge with?

Bayer As part of divestitures for Bayer to finish its 2018 acquisition of Monsanto, BASF gained a good deal of assets that added to its crop protection portfolio and launched a new seed business for the company.