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LANXESS completes acquisition of U.S. specialty chemicals company Emerald Kalama

 Last Update: 2021-08-14
 Source: Internet
 Author: User

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Sinochem News News on August 3, German specialty chemicals company LANXESS announced that it has completed the acquisition of Emerald Kalama Chemical
.

With the completion of the transaction, LANXESS has added approximately 470 employees and three production bases in Kalama, Washington, Rotterdam, Netherlands, and Widnes, UK

LANXESS signed an acquisition agreement on February 14, 2021.
The value of the acquired enterprise was US$1.
075 billion.
After deducting debt items, the purchase price was approximately US$1.
04 billion
.

In 2020, the global sales of Emerald Kalama Chemical Company of the United States will be approximately 425 million U.
S.
dollars (375 million euros), and its pre-interest, tax and amortization profit will be approximately 90 million U.
S.
dollars (80 million euros)
.

75% of sales come from the specialty products business in the consumer care market, especially products used in flavors and fragrances, and preservatives used in food, household products and cosmetics

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