M&A Deal Summary

Sika Acquires MBCC Group

On November 11, 2021, Sika acquired chemicals company MBCC Group from Lone Star Funds for 5.5B CHF

Acquisition Highlights
  • This is Sika’s 10th transaction in the Chemicals sector.
  • This is Sika’s largest (disclosed) transaction.
  • This is Sika’s 2nd transaction in Germany.

M&A Deal Summary

Date 2021-11-11
Target MBCC Group
Sector Chemicals
Buyer(s) Sika
Sellers(s) Lone Star Funds
Deal Type Add-on Acquisition
Deal Value 5.5B CHF

Target

MBCC Group

Mannheim, Germany
MBCC Group is a supplier of construction chemicals and solutions worldwide and has emerged from the carve-out of the former BASF Construction Chemicals business from BASF Group. The company offers innovative and sustainable products and solutions for the construction industry across different sectors, such as buildings, structures, underground construction, new construction, as well as for renovation. Its strong brands Master Builders Solutions, PCI, Thermotek, Wolman, Colorbiotics and Watson Bowman Acme are well established in the marketplace. MBCC Group is based in Mannheim, Germany.

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Buyer(S) 1

Buyer

Sika

Baar, Switzerland

Category Company
Founded 1910
Sector Chemicals
Employees33,998
Revenue 11.2B CHF (2023)
DESCRIPTION

Sika is a manufacturer of speciality chemicals for construction and industry. Information about divisions and products, technologies and stock performance. Sika was founded in 1910 and is based in Baar, Switzerland.


DEAL STATS #
Overall 26 of 27
Sector (Chemicals) 10 of 11
Type (Add-on Acquisition) 26 of 27
Country (Germany) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Sika - European Industrial Coatings Business

Germany

Sika's European Industrial Coatings Business engineers, manufactures, and sells corrosion protection coating systems for high-value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 UGL

Dunmore, Pennsylvania, United States

UGL is a specialty paint and coatings manufacturer providing quality products for the Pro and Do-It-Yourself markets. The ZAR® and DRYLOK® brands provide simple yet effective solutions for protecting and beautifying commercial and residential projects. UGL was founded in 1932 and is based in Dunmore, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 14 of 17
Sector (Chemicals) 2 of 4
Type (Add-on Acquisition) 4 of 6
Country (Germany) 2 of 2
Year (2021) 3 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Arclin

Alpharetta, Georgia, United States

Arclin is a manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture, and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. It's IP-protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Arclin was founded in 1992 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 SPX FLOW

Charlotte, North Carolina, United States

SPX FLOW solves processing challenges, helping customers lower costs, increase uptime, save energy, reduce waste, and improve quality. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of nutrition, health, and precision solutions markets. SPX FLOW was founded in 2015 and is based in Charlotte, North Carolina.

Buy $3.8B