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Business

Lanxess To Acquire Syngenta Biocide Line

by Michael McCoy
March 7, 2011 | APPEARED IN VOLUME 89, ISSUE 10

Lanxess has agreed to acquire Syngenta’s material protection business for an undisclosed sum. With sales of about $26 million last year, the business markets fungicidal and insecticidal active ingredients for the preservation of construction materials. Lanxess says it will have access to future ingredients and technologies developed by Syngenta. Lanxess already operates a material protection products business with annual sales approaching $275 million.

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