Speciality chemicals company Lanxess has completed the acquisition of the microbial control business unit of the U.S. group International Flavors & Fragrances Inc. (IFF).
Lanxess paid a preliminary purchase price of approximately USD 1.3 billion for the acquisition.
“With this acquisition, we receive another major boost for our Consumer Protection segment. It will soon become our strongest segment and is thus an important engine on the way to making Lanxess even more stable and profitable,” said Matthias Zachert, Chairman of the Board of Management of Lanxess AG.
With the closing of the transaction, LANXESS added two production sites to its network in St. Charles, Louisiana, and Institute, West Virginia, both in the United States. The new business will be integrated into the Material Protection Products business unit of Lanxess.
The acquisition brings strategic biocidal active substances.
Lanxess further adds silver-based technology to the portfolio and offers now a complete solution for the antimicrobial treatment of textiles. The silver ion-based products known under the Silvadur brand prevent or reduce odours in natural or synthetic fibres.