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Czech firm buys Chemours’ mining business

Draslovka, a multi-family-owned Czech speciality chemicals firm, has agreed to acquire the Mining Solutions business of Chemours for $520 million, or 10 x EBITDA in 2020. This came shortly after its agreement to buy Sasol’s sodium cyanide business $101.7 million. CEO Pavel Bruzek said that the deals were “highly synergistic” with each other.

Lanxess plans oxone monopersulfate expansion

Lanxess has announced plans to invest “a lower double-digit million euro sum” in order to expand oxone monopersulfate capacity at its site in Memphis, Tennessee, by 50% by the end of 2022. This comes in response to “continuous strong demand for disinfectants”, the company said.

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