LANXESS completes acquisition of disinfection and hygiene solutions provider Theseo

  • Technical expertise and broad product portfolio strengthen position in growth market of animal hygiene
  • Acquisition ideally complements global positioning of LANXESS materials protection business
Cologne
03_TME_7765_A.jpg
LANXESS AG
Specialty chemicals company LANXESS now completed the acquisition of the French Theseo group, a leading manufacturer of animal health and biosecurity solutions.

Today, April 1, 2021, specialty chemicals company LANXESS completed the acquisition of the French Theseo group, a leading manufacturer of animal health and biosecurity solutions. LANXESS and the seller signed a corresponding binding purchase agreement on February 9, 2021, and the relevant antitrust authorities approved the transaction in mid-March.

With the acquisition, LANXESS is significantly expanding its portfolio of products for the growth market of animal husbandry – now comprising an extensive range of disinfection and hygiene solutions. In addition, the specialty chemicals company is adding products for pest control and for animal nutrition and welfare to its portfolio. The new businesses will be integrated into the Material Protection Products business unit.

LANXESS has financed the enterprise value of approximately EUR 70 million from existing cash. The acquired businesses represent sales of around EUR 33 million and EBITDA in the mid-single-digit million euro range. Within the next three years, LANXESS expects an additional annual EBITDA contribution in the same amount from synergy effects. The acquisition will already be earnings per share* accretive in the first fiscal year after its completion.

With the transaction, LANXESS is taking on more than 100 employees at sites in Laval (France), Wietmarschen (Germany), Hull (United Kingdom) and Campinas (Brazil).

* adjusted for exceptional items and amortization of intangible assets

MORE ABOUT THIS TOPIC

PRESS RELEASE
leaf_009164_Titel_A3.jpg

LANXESS raises guidance for fiscal year 2021

May 12, 2021
PRESS RELEASE
Color optimization in the application technology laboratory at LANXESS’s site in Krefeld-Uerdingen. The lattice-like precast concrete element made from ultra-high-performance concrete (UHPC) is colored yellow using Bayferrox pigments. Tests prove that the strength of the meshed concrete structure is unaffected by the pigmentation.

Reliable coloration of ultra-high-performance concretes thanks to Bayferrox pigments from LANXESS

April 27, 2021
PRESS RELEASE
Glass fiber production at LANXESS site Kallo, Antwerpen

New water-based dispersions for high-quality PU systems

April 16, 2021
PRESS RELEASE
LANXESS at Chinaplas 2021

LANXESS at Chinaplas 2021

April 12, 2021
PRESS RELEASE
03_TME_7765_A.jpg

LANXESS completes acquisition of disinfection and hygiene solutions provider Theseo

April 01, 2021
X
Usage of Cookies
We would like to use cookies to better understand you use of this website. This enables us to improve your future experience on our website. Detailed information about the use of cookies on this website and how you can manage or withdraw your consent at any time can be found in our Privacy Statement.

OK Other Settings