Lanxess Wraps Up Purchase Of Solvay’s Phosphorus Additive Business

By Chemical Processing Staff

Feb 12, 2018

Specialty chemicals company Lanxess successfully completes the purchase of the phosphorus chemicals business from Belgian chemicals group Solvay including its U.S. production site in Charleston, South Carolina. All relevant antitrust authorities have reportedly cleared the transaction. Lanxess and Solvay agreed to the purchase in mid-November 2017. 

The site in Charleston includes six production plants, where roughly 90 employees manufacture phosphorus chloride plus numerous derivative products such as flame-retardant additives and intermediate products for agrochemicals. The business represents annual sales of roughly EUR 65 million, according to Lanxess.

The acquisition is part of the Lanxess growth strategy focused on mid-sized markets and the North America and Asia regions.

For more information, visit: www.lanxess.com

 

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments