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LANXESS will acquire IFF's microbial control business

 Last Update: 2021-09-11
 Source: Internet
 Author: User

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Recently, LANXESS has taken another big step in its development process: it plans to acquire the microbial control business of International Flavour and Fragrance Company (IFF)

IFF's microbiological control department is one of the leading suppliers of antimicrobial active ingredients as well as material protection, preservatives and disinfectant formulations

This transaction is still subject to the approval of the relevant antitrust authorities

IFF’s microbial control business has sales of approximately US$450 million* and an EBITDA of approximately US$100 million*

LANXESS will pay approximately US$1.

The perfect complement to the material protection business

IFF’s microbial control business has approximately 270 employees, and the St.

"In addition, thanks to several acquisitions in recent years, we have become a well-positioned microbial control solution provider

IFF's microbial control business provides comprehensive innovative sustainable solutions

The share repurchase program will no longer continue

Through several recent acquisitions, LANXESS has created attractive growth opportunities and is currently reprioritizing its capital allocation

*The standard level is the average year level

**Based on the EURUSD exchange rate of 1.

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LANXESS acquires IFF microbial control business

09-19

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LANXESS will acquire IFF's microbial control business

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LANXESS acquires IFF microbial control business