LANXESS Acquires Emerald Kalama Chemical

  • Author: ChemistryViews
  • Published: 17 February 2021
  • Copyright: Wiley-VCH GmbH
  • Associated Suppliers: LANXESS AG, Cologne, Germany
thumbnail image: LANXESS Acquires Emerald Kalama Chemical

LANXESS has signed a binding agreement to acquire 100 % of the shares in Emerald Kalama Chemical. The enterprise value of Emerald Kalama Chemical is USD 1.075 billion. After deducting debt-like items, the purchase price is around USD 1.04 billion (EUR 867 million*), which LANXESS will finance from existing liquidity. The transaction is expected to be completed in the second half of 2021. It is still subject to approval by the relevant authorities.

Emerald Kalama Chemical employs approximately 500 employees worldwide and runs production sites in Kalama, Washington, USA, Rotterdam, the Netherlands, and Widnes UK. The company generates around 45 % of its turnover in North America.

The company generates about 75 % of its turnover with specialties in the consumer segment. These include preservatives for food, household and cosmetic applications, flavors and fragrances as well as products for animal nutrition. The remaining 25 % of sales come from the specialty chemicals business for industrial applications, including the plastics and adhesives industries. LANXESS has so far held a strong position in the global business with antimicrobial active ingredients and preservatives, including for consumer protection products and animal hygiene.


 

 



 

Article Views: 549

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission. more

Follow on Facebook Follow on Twitter Follow on YouTube Follow on LinkedIn Follow on Instagram RSS Sign up for newsletters

Magazine of Chemistry Europe (16 European Chemical Societies) published by Wiley-VCH