• Sika AG


  • MBCC Group


Sika AG (Sika), through its wholly owned subsidiary Sika International AG, proposes to acquire LSF11 Skyscraper HoldCo S.à.r.l., the holding company of the MBCC group of companies (MBCC Group). In Australia, MBCC Group operates through its subsidiary, MB Solutions Australia Pty Ltd and Sika operates through its subsidiary, Sika Australia Pty Ltd.

Sika and MBCC Group overlap in the supply of a number of construction chemicals in Australia, including chemical admixtures, fibers and concrete works.

On 20 January 2023, the ACCC commenced market consultation on a draft undertaking.

On 20 April 2023, the ACCC decided to not oppose Sika’s proposed acquisition of MBCC Group, subject to the ACCC accepting a court-enforceable undertaking from Sika to divest:

  • MBCC’s Admixtures Systems business in Europe (including Switzerland), the UK, Canada, and the US, and
  • MBCC’s EBA and Construction Systems business of MBCC Group in Australia and New Zealand. This comprises all of MBCC Group’s business in Australia and New Zealand, including Bluey Technologies.

The ACCC will release a Public Competition Assessment in due course.

Public competition assessment



Date Event

ACCC commenced informal review under the Informal Merger Review Process Guidelines.

Closing date for submissions.

Former provisional date for announcement of ACCC's findings (7 April) delayed to allow the parties time to provide further information regarding a possible remedy.

ACCC received further information regarding the proposed undertaking.  Timeline recommenced.

ACCC commenced market consultation on the proposed undertaking. 

Closing date for submissions relating to the proposed undertaking.

ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by the ACCC.