Sika has signed a binding agreement to acquire MBCC Group, the former construction chemicals business of BASF Group (BASF Construction Chemicals), from an affiliate of global private equity firm Lone Star Funds. Headquartered in Mannheim, Germany, MBCC Group is a leading global provider of construction chemicals products and solutions, and includes PCI. The transaction values MBCC Group at 5.5 billion Swiss francs (5.2 billion euros), according to the statement.
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