BASF Construction Chemicals is now MBCC Group

▪ Split from BASF Group completed ▪ Dr. Jochen Fabritius is the new Chief Executive Officer of MBCC Group ▪ MBCC Group ready to exploit the potential of its companies MBCC Group, the new name of the former BASF Construction Chemicals after its acquisition by an affiliate of Lone Star (Lone Star), a global private equity firm will be operational from Oct. 1, 2020. The transaction between BASF and Lone Star closed on Sept. 30, 2020, effective as of midnight. Lone Star is now the new owner of the company. MBCC Group was spun off from BASF Group over the past 18 months and is now a fully independent organization. MBCC Group is one of the world's leading suppliers of chemicals and solutions for the construction industry, offering innovative and sustainable products and solutions in various fields, such as buildings, structures, tunneling, new construction and renovation. The group is among the world's leading suppliers of admixtures and is a major player in the highly fragmented building systems market. MBCC Group serves more than 30,000 customers and business partners around the world. The group has about 70 legal entities worldwide and some 7,500 employees and construction experts in more than 60 countries. The global and European headquarters are in Mannheim, Germany, and there are regional headquarters in Beachwood, Ohio (Americas), Dubai, UAE (Middle East, Russia and Africa) and Singapore (Asia and Pacific). MBCC Group's successful key brands (Master Builders Solutions®, PCI®, Thermotek®, Wolman®, Colorbiotics® and Watson Bowman Acme®) are trusted names in the various markets and boast more than 100 years of history and experience in the industry.

Dr. Jochen Fabritius appointed as CEO

The new owner has appointed Dr. Jochen Fabritius as the new CEO (Chief Executive Officer) of MBCC Group. Dr. Fabritius is a civil engineer by training and has spent almost his entire career in the construction industry. He is a highly experienced expert in the construction industry. In recent years, he worked for Xella, where he started in 2014, first as COO (Chief Operating Officer) and then, from 2017, as CEO. Before that, he worked for 15 years at the consulting firm McKinsey & Company. He said, "I am delighted to be part of the MBCC Group and to work closely with a strong global management team to maximize the potential of this company. I would like to take this opportunity to thank all employees for their hard work and dedication to have, in times of a global pandemic, successfully achieved the divestment within the ambitious timeline.

MBCC Group focuses on innovative and sustainable solutions and is well prepared for the digital age

Innovation, one of MBCC Group's key drivers, is particularly strong thanks to a network of global and regional R&D centers. At the global R&D center in Trostberg, Germany, experts work on fundamental research, new concrete technologies and the development of new products and processes for construction chemicals and related system solutions. This center directs MBCC Group's innovation chain in the areas of admixtures, tunneling and resins and manages the entire patent portfolio and global technology projects. MBCC Group has regional development centers in North America, Europe, Asia/Pacific and the Middle East/Russia/Africa region. "Providing sustainable solutions is central to MBCC Group's portfolio. Today, more than 35 % of all products offered by the group are already sustainably optimized. By increasing economic benefits while combating global warming, we are responding to customer needs and making our vision clear," said Dr. Sven Asmus, Chief Technology Officer of MBCC Group.

Working with European customers, Master Builders Solutions' experts demonstrate through concrete examples how superior chemistry enables customers to increase productivity and reduce operational costs and carbon footprint. Externally validated evaluation tools such as the Life Cycle Analyzer stick clear numbers on the benefits obtained. More information is available at: www.sustainability.master-builders-solutions.com The rapidly increasing digitization in the construction industry is also reflected in MBCC Group's digital offerings. With more than 700 Building Information Modeling (BIM) objects and a steadily growing object database for the Master Builders Solutions, Watson Bowman Acme, Thermotek, Senergy™ and Finestone® brands, MBCC Group has the largest BIM portfolio in the construction industry. Objects are available in multiple global BIM libraries and databases, and all relevant information and access is available at: https://virtual-design.basf.com/global/ In addition to BIM, MBCC Group also offers various solution finders, calculation tools and other digital services. A great example is the Online Planning Tool from Master Builders Solutions. This tool not only helps construction professionals quickly and easily find the right solutions for their projects, but also adapts flexibly as project requirements change and provides crucial information at every step of the planning process. More information is available at: https://online-planning.master-builders-solutions.com/en/benelux