Cement News tagged under: MBCC
Sika completes MBCC acquisition04 May 2023, Published under Cement NewsSika has completed its acquisition of MBCC Group. Based in Germany and formerly owned by an affiliate of Lone Star Funds, MBCC Group is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, USA, Canada, Europe, Australia and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of CHF2.1bn (U... |
Sika confirms record EBIT for 202221 February 2023, Published under Cement NewsSika has reported a record-high operating profit (EBIT) for 2022, coming in at CHF1579.7m (US$1709m), up 13.5 per cent YoY. The EBIT margin for 2022 stands at 15.1 per cent, compared to 15 per cent in the previous year. The company had already released its 2022 results in January this year, which saw sales exceed CHF10bn for the first time, but had predicted a record EBIT and an EBIT margin of 15 per cent, both of which have been now been confirmed. According to the company, at its AGM on ... |
Sika reports record sales in excess of CHF10bn12 January 2023, Published under Cement NewsIn 2022 Sika reported sales in excess of CHF10bn (US$10.83bn) for the first time as the company saw sales growth of 15.8 per cent in local currencies compared to the previous year. Total sales came in at CHF10.49bn despite the increasingly difficult backdrop of rising raw material prices and a slowdown in construction sector growth in the second half of the year. In the EMEA region sales increased by 8.3 per cent YoY in local currencies in 2022, despite Sika’s distribution business ... |
Sika requests "fast track" remedy from CMA26 October 2022, Published under Cement NewsSika AG and MBCC Group have asked the UK’s Competition & Markets Authority (CMA) to consider a “fast-track” remedy to address concerns that their merger could harm the construction industry in the UK. In November 2021 Swiss firm Sika agreed to buy the German-based MBCC Group in a GBP4.5bn (US$5.1bn) deal. Sika and MBCC are the two largest UK suppliers of chemical admixtures used in the production of cement. Together they account for over half of the UK supply. Following an initial Phase ... |
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