Active Pharmaceutical Ingredients
- Industrial Coatings
- Dyes and Pigments
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
- Analytical Chemistry
- Pharmaceutical Intermediates
LANXESS completes acquisition of Chemtura on April 21, LANXESS announced the completion of the acquisition of Chemtura, ahead of
schedule, and all relevant regulatory authorities have approved the transaction
The acquisition, the largest acquisition in LANXESS's history, significantly enriches LANXESS' additives portfolio and expands its presence
in North America.
The region's share of global sales has increased from approximately 17% to approximately 21%.
In addition to additives, Chemtura's polyurethane and organometallic compounds businesses will be integrated into LANXESS's portfolio
Annual synergies from the transaction are expected to reach EUR 100 million in 2020 and are expected to boost LANXESS' earnings
per share in the first full fiscal year following the acquisition.
"This acquisition is another significant step in the Group's restructuring process and an important milestone
on our growth path.
It further accelerates the formation
of the 'new' LANXESS.
The expansion of the additives business will be a new strong pillar of
Thanks to the new organizational structure and a more balanced product portfolio, LANXESS will significantly increase
its stability and profitability.
At the same time, Chemtura has significantly expanded our presence
in the North American growth region.
Matthias Zachert, Chairman of the Board of Management of LANXESS AG, said
At present, we will focus on the rapid and smooth integration of new businesses and new employees, while providing the best service
to new and existing customers.
Upon completion of the stronger pillar
transaction from LANXESS, LANXESS plans to integrate its entire additives business into the new Specialty Additives segment
The new pillar of the LANXESS Group, with annual sales of around 2 billion euros, was integrated into LANXESS Additives and Anno Borkowsky
The Rhein Chemie business unit consists of the existing Rubber & Pigment Additives business unit, headed by Philipp Junge
Strengthening profitable business:
Flame retardants and lubricant additives LANXESS is strengthening its competitive position
in lubricant additives
and industrial-grade synthetic lubricants.
The company expects that thanks to the steady growth of demand for performance and environmental protection, the medium-term market for industrial lubricant additives will grow
at an average annual rate of 3%~4%.
In addition, LANXESS significantly expanded its position in the flame retardant additives market by taking over the bromine flame retardant additives, bromine and bromine derivatives businesses
of the former Chemtura Company.
New business areas:
Polyurethanes and organometallic compounds
Polyurethanes are a completely new business area
After the acquisition, the business will be integrated into LANXESS's newly formed Polyurethane Systems business unit headed by Markus Eckert
The division's products include hot-cast prepolymers, special waterborne polyurethane dispersions and polyester polyols
Another new business area of the company is organometallic compounds
These compounds can be used as catalysts in polymer production, as well as in
fine chemicals and pharmaceutical synthesis processes.
The business will be integrated into the existing LANXESS High Quality Industrial Intermediates business unit