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Business
Two German firms integrate purchases
by Alexander H. Tullo
July 10, 2017
| A version of this story appeared in
Volume 95, Issue 28
Two German chemical firms, Evonik Industries and Lanxess, are rearranging business segments after their respective acquisitions of U.S. chemical makers. Evonik is combining its existing isophorone polyurethane cross-linker business with the epoxy cross-linkers it acquired in its January purchase of Air Products & Chemicals’ specialty chemical unit. The new unit has 1,000 employees worldwide. Meanwhile, Lanxess, which bought Chemtura in April, is folding Chemtura’s rubber and colorant additives business into Rhein Chemie, Lanxess’s rubber chemicals business. Rhein Chemie also employs 1,000.
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