NKF advises Ineos to acquire MBCC’s Admixtures Business
INEOS Enterprises, a leading global chemical manufacturer of specialty and intermediate chemicals, announced that it has signed an agreement to acquire MBCC Group’s Admixture Business from Sika. The admixture business is a leading producer of concrete additives essential for the construction industry, with well invested operations across 35 manufacturing sites and sales of around USD 1 billion. The business employs more than 1600 people, which produce and supply a broad chemicals portfolio for concrete manufacturing and underground construction, across the US, Canada, Europe, Australia and New Zealand.
The deal is required by European antitrust regulators to approve Sika’s purchase of the MBCC Group, formerly BASF Construction Chemicals. The transaction is scheduled to complete in the first half of this year, subject to regulatory approvals.
Niederer Kraft Frey advised INEOS as Swiss counsel on the acquisition of a major concrete additives business from Sika. The team was led by corporate/m&a partner Philipp Haas (pictured), working with partner Philip Spoerlé (corporate/m&a), counsel Janine Reudt-Demont (IP/IT/Data Protection) and associates Paloma Alcántara and Naomi Loretz (both corporate/m&a).