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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.
Intace’s 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. |
