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Lanxess to acquire French biocide manufacturer

March 02/2021

MOSCOW (MRC) -- Lanxess says it has acquired Intace SAS (Paris, France), a biocide manufacturer that makes specialty fungicides for the packaging industry, according to Chemweek.

The companies signed an agreement yesterday and the transaction is expected to be completed in the first quarter of 2021, Lanxess says. Financial terms have not been disclosed.

With the acquisition of Intace, we are strengthening our biocide technology platform for packaging and labels in the consumer goods industry. We are also following a trend: plastics are more and more being replaced by paper in packaging, says Nicolas Gallacier, head/marketing industrial reservation & coatings at Lanxess material protection products.

Intaces products are used in paper, paperboard, soap packaging, labels, and bank notes, with the company generating sales in the mid-single-digit million euro range in 2020, Lanxess says.

As MRC informed before, in January, 2021, Lanxess completed the sale of its membrane business to French resource management firm SUEZ. The deal was previously announced in July, 2020, as Lanxess realigned its water treatment technologies segment, resulting in the sale of its reverse osmosis membrane business.

We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.

Lanxess is a leading specialty chemicals company with about 19,200 employees in 25 countries. The company is currently represented at 74 production sites worldwide. The core business of Lanxess is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through Arlanxeo, the joint venture with Saudi Aramco, Lanxess is also a leading supplier of synthetic rubber.


mrcplast.com
Author:Margaret Volkova
Tags:compounding, fertilizers, petrochemistry, adhesives, packaging, paper, membranes, Lanxess, Russia, France.
Category:General News
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