Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Global players trade chemical businesses

by Alex Scott
May 2, 2016 | A version of this story appeared in Volume 94, Issue 18

In two deals involving international chemical makers, Lanxess is acquiring the disinfection chemicals business of Chemours and W.R. Grace & Co. is purchasing BASF’s polyolefin catalysts business. Lanxess says its acquisition, valued at about $240 million, includes active ingredients and formulated products used in farm and hospital disinfection. A core product is Virkon S, a disinfectant based on potassium peroxymonosulfate. The Chemours business generates annual pretax profits of about $20 million and sales of about $100 million. It has 170 employees and facilities in the U.S. and U.K. The purchase is Lanxess’s first since it began a major restructuring in February 2014. Grace’s deal includes technology, patents, trademarks, and polyolefin catalyst plants in Pasadena, Texas, and Tarragona, Spain. About 170 employees will join Grace. The catalysts are used to make high-density polyethylene and polypropylene. BASF says it will focus instead on chemical and refinery catalysts.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.