In speciality chemicals, doing your MA&D ‘homework’ means much more than it used to, says Lauren McCallum, solution manager for SAP’s Chemical Industry business unit
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.
Two workers have been confirmed dead after an explosion at Chempark Leverkusen in Germany at around 09.40 on 27 July and a subsequent fire in the tank farm of the Bürrig disposal centre that sent a blanket of smoke across the city and was heard 40 kilometres away.
Lanxess has announced that it will be entering the battery chemistry business from 2022. It will produce electrolyte formulations for lithium-ion batteries for China’s Guangzhou Tinci Materials Technology using a plant operated by Saltigo in Germany. Further details were not disclosed.
Lanxess has signed a binding agreement to acquire Emerald Kalama Chemical from private equity firm American Securities for €867 million. The deal, which will be financed from existing liquidity, should be completed in Q2, subject to approval by the relevant authorities.
Lanxess has entered into exclusive negotiations to acquire the Theseo Group. Subject to the usual French processes of consultation and regulatory approvals, this should be completed in mid-2021, the company said.
Based at Laval, France, Theseo mainly makes disinfection and hygiene products mainly for livestock farming in Europe and Latin America, particularly pigs and poultry. It is also active in water hygiene.
Lanxess has expanded its capacity for black synthetic iron oxide pigments at its Krefeld-Uerdingen site in Germany by over 5,000 tonnes/year. This is the world’s largest plant for these pigments.
The investment was made, according to Holger Hüppeler, head of the Inorganic Pigments business unit, because of growing demand from the construction industry, which is increasingly using black pigments to colour concrete. The Bayferrox 330 and 340 grades are widely used in concrete paving stones and roof tiles, and in architecture.