LANXESS worldwide

Corporate Website en | de

Asia

EMEA

Americas

Interactive Worldmap

Find all the contact information for the LANXESS sites worldwide

find out more
Contact

2011-11-10

LANXESS acquires U.S. biocide specialist Verichem

  • LANXESS broadens global biocide manufacturing platform
  • Strengthening focus on megatrend urbanization

LANXESS is strengthening its portfolio of biocides with the acquisition of Verichem Inc. based in Pittsburgh, Pennsylvania. As a result, the German specialty chemicals company will significantly bolster its position in the U.S. material protection market and broaden its global biocide manufacturing network. Both parties have agreed not to disclose financial details.

LANXESS will gain access to a complementary portfolio of biocides,
as well as active ingredients registered with the U.S. Environmental Protection Agency (EPA). They are used to protect coatings, adhesives, construction materials, as well as pulp and paper. The biocides prevent the deterioration and discoloring of materials caused by microorganisms.

Verichem is a privately owned company currently employing around
20 people. It recorded sales of roughly USD 10 million in 2010. Verichem's production site is located close to LANXESS’ U.S. headquarters in Pittsburgh.

“This transaction underlines LANXESS’ standing as a key supplier of high-tech solutions for the megatrend urbanization,” said Rainier van Roessel, Member of the LANXESS Board of Management. “In addition, this is the second acquisition we have made in the USA within a few weeks, thus strengthening our commitment to the North American market.”

The transaction will close with immediate effect. Verichem will be integrated into the LANXESS business unit Material Protection Products (MPP).

MPP is already one of the world’s leading suppliers of biocides. It has recently strengthened its position as a supplier to the construction industry after acquiring the material protection business of Syngenta.

MPP also offers stabilizing agents for beverages and is the world’s leading manufacturer of phenolic active ingredients for disinfection. Its production sites are located in Krefeld-Uerdingen and Dormagen (Germany), Jhagadia (India) and Wuxi (China). The business unit is headed by Torsten Derr and currently employs around 300 people.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Contact

Investor Relations
Contact

Phone: +49 221 8885 3262

Fax: +49 221 8885 4944

send E-Mail

Download