INEOS acquires major concrete additives business from Sika

Niederer Kraft Frey advised INEOS as Swiss counsel on the acquisition of a major concrete additives business from Sika.

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 AG. 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, which is part of a required remedy process for Sika to acquire the MBCC Group, is subject to regulatory approvals and is targeted to complete in the first half of this year.

The NKF team was led by Corporate/M&A partner Philipp Haas, working with partner Philip Spoerlé and associates Paloma Alcántara and Naomi Loretz (all Corporate/M&A).