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