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(Lanxess) -- 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.
The transaction will close with immediate effect. Verichem will be integrated
into the Lanxess business unit Material Protection Products (MPP).
Perspectives of development of polymer markets, pricing issues and other
important aspects will be discussed at The Polymers
Summit-2011, which will be held in Moscow on November 30, 2011 at the
Ritz Carlton Hotel. The Summit will be organized by MRC with the support of
ICIS. The main idea of the Summit is to find a "the golden mean" between
producers and converters. When producers receive exactly such margin of
production, which helps them to invest in production expansion in order to
substitute polymers imports, and the converters receive such price of feedstock
that helps them to compete imported finished products. The Summit site gives an
access to the live video of the Summit, speakers" presentations, as well as
opportunities to ask questions or make appointments to any Summit
partcipant.
mrcplast.com
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