Sika, a Swiss multinational specialty chemical company that supplies to the building sector and motor vehicle industry, completed the acquisition of MBCC Group, the former BASF construction chemicals unit, from Lone Star Funds, a private equity firm, for $6bn. "Today is a historic day for Sika. We are delighted to welcome the MBCC employees to the Sika family. We embark on our exciting journey and will continue to drive Sika’s growth story. Thanks to our extensive experience in integrating companies, we will successfully bring Sika and MBCC together and combine our strengths to create the new reference in the construction chemicals industry. Together we will deliver worldclass performance for our customers and develop innovative, sustainable solutions," Thomas Hasler, Sika CEO.