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
Submissions are invited from interested parties regarding the proposed acquisition of MBCC Group by Sika. The closing date for submissions is 7 February 2022.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re: Sika’s proposed acquisition of MBCC Group - attention Karina Geddes/Olivia King".
Following the closing date, queries regarding the ACCC’s review may be addressed to Karina Geddes/Olivia King at mergers@accc.gov.au.
For more details, please refer to the market inquiries email below.
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. |
Project staff
- Olivia King
- Karina Geddes