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Sinochem News.
com News on August 25, German specialty chemicals company LANXESS announced that it will acquire the microbial control business of the American International Flavors and Fragrances Company (IFF) for approximately US$1.
3 billion (1.
1 billion euros).
LANXESS is expected to be in 2022.
The transaction was completed in the second quarter of the year
.
The two companies signed the corresponding agreement on August 23, 2021
.
This transaction is still subject to the approval of the relevant antitrust authorities
The sales of IFF's microbiological control business are approximately US$450 million, and the profit before interest, tax, depreciation and amortization is approximately US$100 million
.
Within four years after the completion of the transaction, LANXESS expects that the synergy will bring about 35 million U.
It is reported that the acquisition of IFF’s microbial control business is LANXESS’s fourth acquisition this year and the second largest acquisition in the company’s history.
This will make LANXESS one of the world’s largest suppliers of microbial control products
.
IFF's microbiological control department is one of the leading suppliers of antimicrobial active ingredients as well as material protection, preservatives and disinfectant formulations
.
It has approximately 270 employees, and the St.
