Chemicals company Lanxess plans to acquire the phosphorus chemicals business of Belgian chemical group Solvay. The transaction is projected to conclude in the first half of 2018. The acquisition complements Lanxess’s strategy to grow its business in mid-sized markets and in the regions North America and Asia, the company says.
The site in Charleston, South Carolina, USA, includes six production units, where roughly 90 employees manufacture phosphorus chloride as well as derivative products such as flame-retardants and intermediates for the agrochemical industry. The business represents annual sales of around €65 million.
‘With this acquisition, we are benefitting from a North American platform for phosphorus-based specialty chemicals – a key component of our additive business – and are able to further drive our growth in this key region,’ said Anno Borkowsky, general manager of the additives business unit at Lanxess.
This story is reprinted from material from the Lanxess, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.