Specialty chemicals company LANXESS recently acquired US-based cleaning chemical company Chemours to enter into the cleaning & disintectant business. The business comprises active ingredients as well as specialty chemicals used especially in disinfectant and hygiene solutions. The enterprise value of around EUR 210 million will be paid by LANXESS from the existing liquidity. While closing is expected in the second half of 2016, the transaction is still subject to approval from the relevant antitrust authorities.
The new business will be integrated into LANXESS’ Material Protection Products business unit. “With the acquisition of Chemours’ clean and disinfect business, we are not only expanding our portfolio of active ingredients, but are also able to establish a forward integrated value chain in the veterinary disinfection segment,” said Michael Schäfer, head of the Material Protection Products business unit. “Above, we will benefit from Chemours’ experienced and dedicated employees, its strong technical and regulatory expertise, its widely recognized brands and well