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.

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