# BASF closes divestiture of Construction Chemicals business to Lone Star

BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star on September 30, 2020, for €3.17 billion. The business now forms the MBCC Group headquartered in Mannheim, Germany.

- Type: Acquisition
- Announced: 2020-09-30
- Where: Mannheim, Germany
- Value: $3.70B (3.17B EUR)
- Status: completed
- Products: construction chemicals
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (target)
- [Lone Star](https://endata.com/companies/38686.md) (acquirer)

## Sources

- [basf.com](https://www.basf.com/dk/en/media/news-releases/2020/09/p-20-312), 2020-09-29: "BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.