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Acquisition strengthens business in specialty chemicals for industrial applications.
August 4, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
LANXESS has completed the acquisition of Emerald Kalama Chemical. LANXESS signed a purchase agreement on February 14, 2021. All required regulatory approvals have been received. LANXESS financed the purchase price of pproximately $1.04 billion from liquid funds. In 2020, Emerald Kalama Chemical generated global sales of around $425 million and EBITDA pre-exceptionals of nearly $90 million. Seventy-five% of sales were attributable to business with specialty products for the consumer care market,...
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