Master Builders Solutions
 | |
| Company type | GmbH |
|---|---|
| Industry | Construction chemicals |
| Founded | 1909 |
| Headquarters | , |
Key people | |
Number of employees | >1,600 Worldwide |
| Website | https://master-builders-solutions.com/en-gb |
Master Builders Solutions Holdings GmbH, headquartered in Mannheim, Germany, is a manufacturer of construction chemical products and special building solutions. A portfolio of concrete admixtures, cement additives, and solutions for underground construction is bundled under the Master Builders Solutions brand.
Founded in 1909, the company operates 35 production sites in Europe, North America, Australia, and New Zealand. Master Builders Solutions employs about 1,600 individuals worldwide. During the 2023 financial year, the company had total sales of over 900 million euros.
Since May 2023, ownership of the Master Builders Solutions Holding has been held by the international private equity firm Cinven.[1]
History
[edit]The history of the company dates to 1909, when the chemist S.W. Flesheim founded Master Builders Inc. in Cleveland, Ohio. He aimed to offer products for the construction industry. In the 1930s, during the Great Depression, buildings for sports, art and alternative forms of social contact became important gathering places for many people. Master Builders played a role in this era by advancing concrete technology with the introduction of the first commercial water-reducing admixture in 1931, Pozzolith (sodium lignosulfonate). This innovation improved the quality and durability of concrete construction and reflected a shift in the industry. Pozzolith was also used in the construction of the famous Hoover Dam in 1932.
The success of Master Builders caught the attention of the American-Marietta Co. and led to the acquisition of the company in 1950. The acquisition was a strategic approach to expanding the company's own building materials portfolio. The company invested around 10 million dollars in a new technology center in Beachwood, Ohio, in 1977, which focused on concrete analysis and testing.[2]
During the 1980s, the construction chemicals business underwent various transitions. In 2006, the chemical company BASF AG acquired the construction chemicals business including production sites and distribution centers in over 50 countries as well as the current global research and development center in Trostberg, Germany.[3] In 2013, the umbrella brand Master Builders Solutions was introduced,[4] consolidating all existing brands within the division. BASF announced the divestiture of its construction chemicals division[5] to private equity firm Lone Star Funds in 2020 under the name MBCC Group.[6] The Swiss chemicals group Sika bought the MBCC Group.[7] Sika then sold the core sector of MBCC’s chemicals business with concrete admixtures, cement additives, and solutions for underground construction to the international private equity firm Cinven as of May 3, 2023.[8]
Research and development
[edit]The company's research and development initiatives focus on advancements in construction chemistry. With over 300 experts worldwide, spread across 3 R&D centers and numerous local laboratories, the focus is on developing responsible solutions that enhance concrete performance and contribute to CO2 emission reduction. In 2023, the Master Builders Solutions Holding allocated over 3% of its turnover to R&D, resulting in over 80 ongoing pipeline projects.
One notable innovation is the superplasticizer MasterCO2re,[9] facilitating the use of clinker-reduced cement types in concrete production and achieving substantial CO2 savings up to 50%.
References
[edit]- ^ "Cinven news". Cinven - Focused European Integrated World-class. Retrieved 2024-06-04.
- ^ "MASTER BUILDERS | Encyclopedia of Cleveland History | Case Western Reserve University". case.edu. 2023-11-27. Retrieved 2024-06-04.
- ^ "BASF completes acquisition of Degussa's construction chemicals business". International Cement Review. 2006-07-04. Retrieved 2024-06-04.
- ^ "BASF launches new brand for the construction industry". BASF. 2013-03-19. Retrieved 2024-06-04.
- ^ "BASF Starts Construction Chemicals Sale | CHEManager". www.chemanager-online.com. Retrieved 2024-06-04.
- ^ "BASF closes divestiture of its Construction Chemicals business". www.basf.com. Retrieved 2024-06-04.
- ^ Sebastian (2021-11-12). "Sika to buy former BASF chemicals company from Lone Star for $6bn". Private Equity Insights. Retrieved 2024-06-04.
- ^ "Cinven news". Cinven - Focused European Integrated World-class. Retrieved 2024-06-04.
- ^ Moratti, Francesca; Zeminian, Nicoletta (2024-01-01). "Sustainability meets performance. The game changing MasterCO2re technology" (PDF). Concrete Journal International. 28 (1): 2.