Lanxess agrees to purchase Solvay's US phosphorus additives business. Issue 1 (January 2018)

• Record Type: Journal Article
• Is Part Of: Additives for polymers. Issue 1(2018)
• Page Start: 5
• Page End: 6
• Publication Date: 2018-01
• Subjects: Polymers -- Additives -- Periodicals; 620.192
• DOI: 10.1016/S0306-3747(18)30022-8
• Languages: English
• ISSNs: 0306-3747

Abstract

Abstract : German speciality chemicals group Lanxess plans to further expand its Additives business unit (BU) by acquiring the US-based phosphorus chemicals business of Belgian firm Solvay. Financial details of the deal agreed between the two companies have not been revealed; however, the transaction is expected to close in the first half of 2018, subject to customary regulatory approvals. Lanxess says that the acquisition is in line with its strategy to expand its business in mid-sized markets and in the growth regions of North America and Asia.