Already have an ACS ID? Log in
Renew your membership, and continue to enjoy these benefits.
Already an ACS Member? Log in here
Choose the membership that is right for you. Discount will be applied automatically at checkout.
Enjoy these benefits no matter which membership you pick.
Most Popular in Business
Berkshire Hathaway, the holding company run by famed investor Warren Buffett, has acquired a 3% stake in specialty chemical producer Lanxess for $208 million. News of the purchase boosted Lanxess’s share price by about 10%. Berkshire’s investment appears to endorse Lanxess’s strategy to reduce costs, off-load commodity chemicals, and expand into specialties. Lanxess sold half its rubber business to Saudi Aramco for $1.3 billion in 2015 and acquired Chemtura for $2.5 billion last year. Buffett has a fondness for the chemical industry. Berkshire owns the chemical maker Lubrizol and for eight years owned $3 billion in preferred Dow Chemical shares.
This article has been sent to the following recipient: