LANXESS expands phosphorus chemicals portfolio
Cologne/Paris - LANXESS is expanding its portfolio of phosphorus-based chemicals by taking over the business operations belonging to the French subsidiary of the insolvent Dutch company thermPhos International B.V. The transaction closes with immediate effect.
LANXESS is acquiring the production assets and the customer list of the thermPhos site in Epierre, South Eastern France – a globally leading Phosphorus Pentoxide and Polyphosphoric Acid producer. Both products are complementary to the company’s existing phosphorus portfolio. They can be used as chemical intermediates including flame retardants and pharmaceuticals.
The site will be integrated into the production network of LANXESS’ business unit Functional Chemicals (FCC), which belongs to the company’s Performance Chemicals segment. Apart from phosphorus-based chemicals, FCC manufactures specialty plasticizers and colorants. It employs about 480 people worldwide, with the majority based at its sites in Leverkusen and Krefeld-Uerdingen, Germany. The business unit is headed by Jorge Alberto Nogueira.
LANXESS is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012 and roughly 17,500 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good as well as the Carbon Disclosure Leadership Index (CDLI).
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