Sika's Integration of MBCC is on Track, CEO Says -- Market Talk

Dow Jones

2025/02/21

1543 GMT - Sika's integration of MBCC Group is well on track, CEO Thomas Hasler says in an interview. The Switzerland-based specialty-chemical company acquired the construction chemicals supplier in 2023 and has generated synergies beyond the original guidance, the CEO says. "It's fantastic to see how it contributes on all levels on the top line, but also on the others we have been able to almost equalize the original or initial dilution of the business," Hasler says. The CEO is very positive about the future, he says, adding that no job cuts are planned. Shares trade 0.5% higher at 236.70 Swiss francs. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

February 21, 2025 10:43 ET (15:43 GMT)

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The Switzerland-based specialty-chemical company acquired the construction chemicals supplier in 2023 and has generated synergies beyond the original guidance, the CEO says. \"It's fantastic to see how it contributes on all levels on the top line, but also on the others we have been able to almost equalize the original or initial dilution of the business,\" Hasler says. The CEO is very positive about the future, he says, adding that no job cuts are planned. Shares trade 0.5% higher at 236.70 Swiss francs. 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