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Australian Watchdog Seeks Views On Sika-MBCC Buy

By  |  January 22, 2023

The Australian Competition & Consumer Commission or ACCC, announced Friday that it is seeking views on a proposed court-enforceable divestiture undertaking offered by Sika in relation to its proposed acquisition of MBCC Group.

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    Sika and MBCC Group supply construction chemicals and materials including chemical admixtures, fibres and concrete works.

    Read more: UK Watchdog Requests Remedies For $5.1B Sika-MBCC Merger

    The ACCC has preliminary concerns that the transaction would substantially lessen competition in Australia in the supply of chemical admixtures by combining the two largest suppliers resulting in a likely market share of approximately 80 percent.

    To address the ACCC’s concerns, Sika is offering a court-enforceable undertaking to divest MBCC Group’s entire business including its subsidiary, Bluey Technologies in Australia and New Zealand.