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    SIKA   CH0418792922

SIKA AG

(SIKA)
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Sika to Acquire MBCC Group for $5.99 Billion

11/11/2021 | 01:46am EST

By Sarah Sloat

Swiss chemicals company Sika AG said Thursday that it would acquire MBCC Group from an affiliate of Lone Star Funds, in a transaction with an enterprise value of 5.5 billion Swiss francs ($5.99 billion).

MBCC, formerly BASF Construction Chemicals, is based in Germany. The deal will be highly complementary across most of Sika's core technologies, applications, and solutions, Sika said.

The Swiss company expects annual synergies between CHF160 million and CHF180 million from the deal. It will be accretive to Sika's earnings per share from the first full year post closing, slated for the second half of 2022, Sika said.

MBCC Group, based in Germany, has approximately 7,500 employees and operations in more than 60 countries. In 2021, the company is expected to generate net sales of CHF2.9 billion, according to Sika.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

11-11-21 0146ET

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Analyst Recommendations on SIKA AG
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Financials
Sales 2021 9 189 M 10 040 M 10 040 M
Net income 2021 1 038 M 1 134 M 1 134 M
Net Debt 2021 2 374 M 2 593 M 2 593 M
P/E ratio 2021 49,0x
Yield 2021 0,91%
Capitalization 47 870 M 52 375 M 52 303 M
EV / Sales 2021 5,47x
EV / Sales 2022 4,95x
Nbr of Employees 25 274
Free-Float -
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Mean consensus BUY
Number of Analysts 20
Last Close Price 334,70 CHF
Average target price 414,81 CHF
Spread / Average Target 23,9%
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Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hńlg Chairman
Raffaella Marzi Head-Human Resources & Compliance
Daniel J. Sauter Independent Director
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