Slaughter and May is advising INEOS Enterprises on its acquisition of the MBCC Group’s Admixture Business

Slaughter and May is advising INEOS Enterprises on its acquisition of the MBCC Group’s Admixture Business from Sika AG. The admixture business is a leading producer of concrete additives essential for the construction industry, with operations across 35 manufacturing sites globally and sales of around $1 billion.

The transaction forms part of a required remedy process for Sika to acquire the MBCC Group pursuant to a definitive agreement between Sika and Lone Star Funds signed in November 2021. It is subject to regulatory approvals and is targeted to complete in the first half of 2023.

INEOS Enterprises is a global market leader in the production of intermediary chemicals, with a diverse portfolio of chemical products that are used as an essential input into chemical value chains across a broad variety of end markets and sectors.

Slaughter and May, led by partners Sally Wokes and Harry Hecht, has been working closely with the INEOS Enterprises legal team, led by Juliet Lewis.