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Business

Lanxess to acquire Solvay phosphorus unit

by Alexander H. Tullo
November 20, 2017 | APPEARED IN VOLUME 95, ISSUE 46

Lanxess has agreed to purchase Solvay’s U.S. phosphorus chemicals business. The main asset involved is a plant in Charleston, S.C., that employs 90 people and makes phosphorus chloride as well as derivatives such as agrochemical intermediates and flame retardants. Annual sales are about $75 million. Lanxess purchased a major flame retardants maker, Chemtura, in April.

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