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Lanxess Acquires Biocide Manufacturer

Thursday, January 2, 2020

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In early December, specialty chemicals company Lanxess (Cologne, Germany) announced the acquisition of protective coatings business Itibanyl Produtos Especiais Ltda (Sao Paulo, Brazil). Itibanyl is one of Brazil’s top biocide manufacturers, and its products include water treatment process controls.

“The acquisition fits perfectly with our strategic focus on profitable specialty chemicals,” said Rainier van Roessel, who serves as a member of the LANXESS Board of Management.

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In early December, specialty chemicals company Lanxess (Cologne, Germany) announced the acquisition of protective coatings business Itibanyl Produtos Especiais Ltda (Sao Paulo, Brazil). Itibanyl is one of Brazil’s top biocide manufacturers, and its products include water treatment process controls.

With the acquisition of IPEL, Lanxess is in a better position to work with its South American customers via the local production facility. In the acquisition, Lanxess will be taking over IPEL’s 100 employees, as well as the laboratory facilities and what is being billed as “strategic intermediate products.”

Lanxess’ Material Protection Products business unit has roughly 540 employees, with productions locations in Krefeld-Uerdingen and Dormagen, Germany; Sudbury, Great Britain; Pittsburgh; Memphis; Jhagadia, India; Changzhou, China; and Singapore.

The companies signed the agreement on Nov. 28, 2019. Terms of the deal were not disclosed, though the deal is still yet subject to approval from antitrust authorities, which is currently slated to occur sometime in the first quarter of 2020.

   

Tagged categories: Acquisitions; AF; AS; Asia Pacific; Biocides; Business operations; EMEA (Europe, Middle East and Africa); EU; Latin America; NA; North America; OC; Program/Project Management; Project Management; Protective Coatings; SA

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