Based in Mannheim, Germany, MBCC Group is a leading global supplier of construction chemicals. The company’s 7,500 employees operate in more than 130 production facilities across 60 countries. Its acquisition is expected to broaden Sika’s product and solution offerings in four of five core technologies and seven of its eight target markets, in addition to extending its geographic footprint. Sika intends to expand its product and service offering in construction chemicals and industrial adhesives through the addition of MBCC Group’s highly complementary portfolio and is set to reach sales in excess of CHF 13 billion in 2023.
Also of note in the acquisition is the fact that 70% of Sika’s sales are currently generated by sustainability-related products, while more than 35% of MBCC Group products are sustainably advanced. Through the merger of the two firms, Sika has committed to generating 80% of its sales from products that positively impact sustainability. The acquisition remains subject to regulatory approval and is expected to close in the second half of 2022.
Musat & Asociatii advised Sika on the Romanian legal aspects of the purchase. The Musat & Asociatii team was led by partner Monia Dobrescu and comprised managing associates Madalina Trifan, Dragos Lungu, Simona Anton and Ana Maria Abrudan, as well as senior associate Cristian Cepesi. “We are delighted to be part of the team who advised Sika for this acquisition, a project in which we worked closely with our colleagues from Baker & McKenzie,” said Monia Dobrescu. “Happy to see that we managed to achieve a successful result in a rather challenging timescale for all the parties.”
