Lanxess Expands Additives Business With Solvay Acquisition

Nov. 21, 2017
Lanxess plans to acquire the phosphorus chemicals business with a U.S. production site from Solvay.

Specialty chemicals company Lanxess is expanding its additives segment and plans to acquire the phosphorus chemicals business of Belgian chemical group Solvay, which has a U.S. production site. Both companies have reportedly signed an agreement to this effect. The transaction is projected to conclude in the first half of 2018, subject to customary regulatory approvals. The acquisition reflects Lanxess’ strategy to grow its business in mid-sized markets and in North America and Asia, according to the company.

The site in Charleston, South Carolina includes six production units where roughly 90 employees manufacture phosphorus chloride plus numerous derivative products such as flame-retardants and intermediates for the agrochemical industry. The business represents annual sales of around EUR 65 million, according to Lanxess. Lanxess’ additives business reports annual sales of around EUR 2 billion and has roughly 2,000 employees around the world.

For more information, visit: www.lanxess.com

Sponsored Recommendations

Heat Recovery: Turning Air Compressors into an Energy Source

More than just providing plant air, they're also a useful source of heat, energy savings, and sustainable operations.

Controls for Industrial Compressed Air Systems

Master controllers leverage the advantages of each type of compressor control and take air system operations and efficiency to new heights.

Discover Your Savings Potential with the Kaeser Toolbox

Discover your compressed air station savings potential today with our toolbox full of calculators that will help you determine how you can optimize your system!

The Art of Dryer Sizing

Read how to size compressed air dryers with these tips and simple calculations and correction factors from air system specialists.