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11-15-2017

Lanxess to Acquire Solvay's US Phosphorus Additives Business

Specialty chemicals company Lanxess AG, Cologne, Germany, is expanding its Additives segment and plans to acquire the phosphorus chemicals business with a US production site from Belgian chemical group Solvay. Both companies have signed an agreement to this effect.

The transaction is projected to conclude in the first half of 2018, subject to customary regulatory approvals. The acquisition fully complements Lanxess’s strategy to grow its business in mid-sized markets and in the regions North America and Asia. The site in Charleston, South Carolina, includes six production units, where roughly 90 employees manufacture phosphorus chloride plus numerous derivative products such as flame-retardants and intermediates for the agrochemical industry. The business represents annual sales of around EUR 65 million.

With the divestment Solvay aims to strengthen its focus and resources on its existing positions in phosphine gas, phosphine derivatives and phosphorous specialties.

Additional information
Company profile

Lanxess AG

Kennedyplatz 1
DE 50569 Köln
Tel.: 0221 8885-0

SOLVAY SA

Rue de Ransbeek 310
BE 1120 BRUSSELS

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