Target(s)
- MBCC Group
Summary
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.
Market inquiries
The ACCC has commenced market consultation on a proposed undertaking.
The ACCC invites submissions on the proposed undertaking by 3 February 2023. Submissions should be forwarded electronically (preferably in PDF format) to mergersru@accc.gov.au with the title “Submission re: Sika/MBCC Group – Proposed Undertaking – attention Annelise Caplan/Alex Reed”.
Following this date, queries regarding the ACCC’s review may be addressed to Annelise Caplan/Alex Reed at mergersru@accc.gov.au
For more details, please refer to the undertaking consultation letter below.
Draft undertakings
Market inquiries
Timeline
| Date | Event |
|---|---|
| 20/01/2022 | ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
| 07/02/2022 | Closing date for submissions. |
| 04/03/2022 | ACCC is awaiting information from the parties. Former provisional date for announcement of ACCC's findings (7 April) is delayed. ACCC will announce a proposed decision date in due course. |
| 20/01/2023 | ACCC commenced market consultation on the proposed undertaking. |
| 03/02/2023 | Closing date for submissions relating to the proposed undertaking. |
Project staff
- Annelise Caplan
- Alex Reed