# UK regulator clears Sika's $5.7B acquisition of MBCC Group

The UK antitrust regulator accepted remedies proposed by Sika AG and MBCC Group, clearing their $5.7 billion merger to prevent harm to competition in the UK construction industry.

- Type: Acquisition
- Announced: 2022-12-15
- Where: United Kingdom
- Value: $5.70B
- Status: announced
- Products: chemical admixtures
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika](https://endata.com/companies/10682.md)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [INEOS Enterprises](https://endata.com/companies/33510.md) (acquirer)
- [MBCC Group](https://endata.com/companies/57018.md) (target)

## Sources

- [law360.com](https://www.law360.com/articles/1558548/uk-clears-5-7b-chemical-admixtures-deal-after-fixes), 2022-12-15: "Britain's antitrust regulator said on Thursday that it has accepted a remedy proposed by Swiss chemicals company Sika AG and German rival MBCC Group that will prevent their $5.7 billion merger from harming competition in the U.K. construction industry."
- [reuters.com](https://www.reuters.com/markets/deals/uk-watchdog-clears-5-bln-sika-mbcc-merger-2022-12-15/?taid=639b930ac14c7a0001978c15), 2022-12-15: "The companies proposed to sell MBCC's chemical admixtures business in Europe, UK and several other countries, ensuring that the deal would not harm the UK construction industry."
- [lexology.com](https://www.lexology.com/library/detail.aspx?g=e488395a-aafa-4230-989d-f358836ee9da), 2023-01-12: "The CMA has now reviewed and accepted this proposal, stating that it will maintain the level of innovation, services and quality available to concrete producers."
- [sika.com](https://www.sika.com/en/media/media-releases/archive/2023/sika-sales-of-admixture-assets-MBCC-Group.html), 2023-01-16: "The agreement with INEOS Enterprises marks a key milestone in Sika's acquisition of MBCC Group."
- [gcc.sika.com](https://gcc.sika.com/en/media/media-releases/2023/sika-sales-of-admixture-assets-MBCC-Group.html), 2023-01-16: "The agreement with INEOS Enterprises marks a key milestone in Sika's acquisition of MBCC Group."
- [reuters.com](https://www.reuters.com/markets/deals/sika-agrees-sell-admixture-assets-ineos-2023-01-16/?taid=63c4f279878c9f0001f33d12), 2023-01-16: "Sika sold MBCC's admixture assets in the United States, Canada, Europe and Britain, and the entire MBCC business in Australia and New Zealand"
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Ineos-set-buy-MBCCs-concrete/101/i3), 2023-01-19: "The acquisition will provide Ineos with 'well invested and well positioned sites' that present new opportunities for growth."

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