Shandong Luba Chemical Co.,Ltd
Beijing Multigrass Formulation Co., Ltd.

LANXESS acquires Solvay’s phosphorus additive businessqrcode

Feb. 9, 2018

Favorites Print Feb. 9, 2018
Specialty chemicals company LANXESS has successfully completed 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 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.

The acquisition is another consistent step in the Group’s growth strategy with a focus on mid-sized markets and the North America and Asia regions.

Favorites Print
Source: LANXESS

GuestUnited States

Picture 0/1200

More from AgroNews

Magazine

  • 2018 CRO & CRAO Manual 2018 India Pesticide Suppliers Guide
  • 2018 Latin America Focus 2018 Seed Special
  • 2018 Biologicals Special 2018 Formulation & Adjuvant Technology

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.