Lanxess to acquire Chemtura Corp for US$2.7 bln

27-Sep-16

German chemical company Lanxess plans to buy U.S. based Chemtura Corp. for US$2.7 bln, a deal that should help it expand beyond its synthetic rubber business. Lanxess said the acquisition, its largest ever, would expand its activities in additives for lubricants and flame retardants and strengthen business in North America.
“With this acquisition, we are forming a major global player in the field of additives and are significantly strengthening our already profitable portfolio,” Lanxess Chief Executive Matthias Zachert said.