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Business

Lanxess Acquires Biocides Producer

by Jean-François Tremblay
April 15, 2013 | APPEARED IN VOLUME 91, ISSUE 15

Lanxess has agreed to acquire PCTS Specialty Chemicals, a Singaporean producer of biocides for water-based paints. Lanxess isn’t disclosing how much it paid for the firm. But it says PCTS employs 20 people, had sales of less than $13 million in 2012, and logs about 60% of its sales in China. PCTS will become part of the German company’s performance chemicals business. Lanxess already employs 380 people in Singapore.

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