MBCC Group: Carve-out from BASF Group successfully completed
MBCC Group has emerged from the former BASF Construction Chemicals business after its acquisition by Lone Star Funds and has started operations as of 1 October 2020. The transaction between BASF and Lone Star was closed on 30 September 2020. Lone Star is now the new owner of the business. MBCC Group has been carved-out from BASF Group over the past 18 months and has been built as a stand-alone organisation.
MBCC Group is one of the leading suppliers of construction chemicals and solutions worldwide and offers innovative and sustainable products and solutions for the construction industry across different sectors, such as buildings, structures, underground construction, new construction, as well as renovation. It is amongst the globally leading suppliers of Admixture Systems and amongst leading players in the highly fragmented Construction Systems market.
MBCC Group serves more than 30,000 customers and business partners around the globe. It is consisting of approximately 70 legal entities worldwide and is home to around 7,500 employees and construction experts in over 60 countries. The global and European headquarters are in Mannheim, Germany, with regional headquarters in Beachwood, OH, USA (Americas), Dubai, UAE, (Middle East-Russia-Africa), and Singapore (Asia Pacific). Its main brands Master Builders Solutions, PCI, Thermotek, Wolman, Colorbiotics and Watson Bowman Acme are well established in the markets and are backed by more than 100 years of industry experience, said MBCC Group.
The new owner has confirmed Dr. Jochen Fabritius as the new Chief Executive Officer (CEO) of MBCC Group. Fabritius is a civil engineer by training, having spent almost his entire career in the construction sector. In the past years he has been working for Xella, which he joined in 2014, first in the capacity of Chief Operating Officer and then, from 2017 onwards, as CEO. Prior to that, he worked for 15 years at the consulting firm McKinsey & Company.
Fabritius said: “I am very happy to join MBCC Group working closely together with a strong global management team to realize MBCC Group’s full potential. At this point in time let me take the opportunity to thank all the employees for their hard work and dedication, through a global pandemic, to successfully execute this carve-out while adhering to an ambitious timeline.”
Innovation, being one of the key drivers of the new group of companies, is strongly positioned through a network of global and regional R&D centres. In the global R&D centre in Trostberg, Germany, experts work on basic research and new concrete technologies as well as developing new products and processes for construction chemicals and related system solutions. This centre serves the MBCC Group’s innovation chain for admixture systems, underground construction and resins and manages the entire patent portfolio as well as global technology projects. MBCC Group operates regional development centres in North America, Europe, Asia Pacific and the region Middle East-Russia-Africa.
“Delivering sustainable solutions is a key pillar of MBCC Group’s portfolio. Today, more than 35 % of all products offered by the group of companies are already sustainably advanced. Increasing economic benefits while at the same time contributing to the reduction of global warming is one of the ways in which we meet customer needs and demonstrate and promote our approach”, said Dr. Sven Asmus, Chief Technology Officer of MBCC Group.