Lanxess Sells its Perlon Business
Specialty chemicals company Lanxess AG , Cologne, Germany, has divested its wholly-owned subsidiary Perlon-Monofil to the Serafin Group, Munich, Germany, for an undisclosed amount. The transaction closes with immediate effect.
Perlon-Monofil GmbH is a global leader for polyamide (PA) and polyester (PET) monofilament products sold under the brand names Perlon, Atlas and Bayco. The products have good weather resistance, high mechanical strength and excellent elongation properties. They are used in a number of applications, above all in the paper manufacture, shipping and agriculture industries.
Perlon-Monofil has approximately 100 employees and operates a manufacturing plant and technical center in Dormagen, Germany. It achieved sales of about EUR 30 million in 2013. Serafin already has a good standing within the monofilaments industry through its unit Nextrusion which is based near Augsburg, Germany. It has with its brand Qualifil a leading position in PET monofilaments for paper machine clothing and other technical textiles. It has more than 200 employees and annual sales of EUR 40 million.
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