# INEOS agrees to buy Sika's admixture assets for about $750 million

INEOS Enterprises agreed to acquire MBCC Group's admixtures business in the US, Canada, Europe, the UK, Australia and New Zealand from Sika AG. The deal values the assets at about $750 million and is part of Sika's remedy process for its acquisition of MBCC Group, with closing expected in first half of 2023.

- Type: Acquisition
- Announced: 2023-01-16
- Where: Australia
- Value: $750.0M
- Status: announced
- Products: concrete admixtures
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika](https://endata.com/companies/10682.md)
- [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

- [financialpost.com](https://financialpost.com/pmn/business-pmn/british-billionaire-ratcliffes-ineos-to-buy-sika-assets), 2023-01-16: "The deal values the assets at about $750 million, people familiar with the matter have said."
- [globalcement.com](https://www.globalcement.com/news/15852-australian-competition-authorities-seek-comment-on-sika-s-mbcc-group-acquisition), 2023-01-20: "The commission has raised 'preliminary concerns' over the possible competition impacts of Sika obtaining an 80% Australian market share as a result of the deal."
- [agenceurope.eu](https://agenceurope.eu/en/bulletin/article/13117/19/green-light-for-sika-to-acquire-mbcc-subject-to-conditions), 2023-02-07: "The approval is conditional on the divestiture of MBCC’s global chemical admixture business."
- [concurrences.com](https://www.concurrences.com/en/bulletin/news-issues/february-2023/the-eu-commission-conditionally-approves-the-acquisition-of-a-company-in-the), 2023-03-13: "The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of MBCC by Sika."

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