Acquisition of Lanxess paper business unit by Kemira approved by the competition authorities
1 March 2006, The deal between Kemira Oyj and the German company Lanxess AG on the acquisition of Lanxess’ Paper business unit announced in December 2005 has now almost reached closing. The responsible competition authorities have agreed the transaction and the planned take over of the business by Kemira will take place on April 1, 2006.
The main range of Lanxess’ products consists of colourants, fluorescent whitening agents and sizing agents. Another large part of the net sales comes from toll-manufactured products traded for the pulp and paper industry. The unit has production plants in Leverkusen, Germany and in Bushy Park, South Carolina, USA, and employs 375 persons globally. In 2004 its net sales were approx. 240 million euros.
After the Lanxess acquisition, Kemira will be the leading supplier of chemicals to the pulp and paper industry worldwide. Pulp & Paper Chemicals, being one of Kemira’s four core business areas, will reach net sales of approx. 1.1 billion euros with a staff of 2 500.
- Contact Information
- Michael Strand
- Vice President, Strategic Marketing and Business Development
- Kemira Oyj
- Contact via E-mail
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