Lanxess Wraps Up Purchase Of Solvay’s Phosphorus Additive Business
Feb. 12, 2018
The purchase includes Solvay’s U.S. production site in Charleston, South Carolina.
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.
Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.
Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...
See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.
