At the cost of “a single-digit million euro amount”, Lanxess’s Material Protection Products (MPP) business unit is expanding capacity for the active ingredient Preventol CMK (chlorocresol) at Krefeld-Uerdingen, Germany, by around 50%. This will be completed within Q1 the firm said.
Lanxess has signed a corresponding agreement to acquire the microbial control business of International Flavors & Fragrances (IFF) for $1.3 billion or 9.6x EBITA. The deal should be completed in Q2 2022, following a carve-out process and subject to regulatory approvals. This is the firm’s second largest ever buy, just ahead of the recently completed acquisition of Emerald Kalama.