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LANXESS acquires IFF microbial control business

 Last Update: 2021-09-19
 Source: Internet
 Author: User

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Sinochem News.
com.
cn recently, LANXESS announced the acquisition of the microbial control business of International Flavours and Fragrances Company (IFF), which is expected to complete the transaction in the second quarter of 2022
.

LANXESS will pay approximately US$1.

IFF's Microbial Control Department is one of the leading suppliers of antimicrobial active ingredients, as well as material protection, preservatives and disinfectant formulations
.

The sales of IFF's microbiological control business are approximately US$450 million, and the profit before interest, tax, depreciation and amortization is approximately US$100 million

Chang Mutian, Chairman of the LANXESS Group Management Board, said: “The acquisition of IFF’s microbial control business is LANXESS’s fourth acquisition this year and the second largest acquisition
in the company’s history .

This business is very much in line with LANXESS’s strategic direction, namely Develop special chemicals with high profits, a wide range of applications, and a global positioning

LANXESS believes that this acquisition is a perfect complement to its material protection business
.

IFF’s microbial control business has approximately 270 employees, as well as its St.

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LANXESS will acquire IFF's microbial control business

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LANXESS acquires IFF microbial control business

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LANXESS will acquire IFF's microbial control business