Mumbai (Maharashtra) [India], August 06: Specialty chemicals company LANXESS completed the second-largest acquisition in its history on August 3 with the takeover of Emerald Kalama Chemical. The US-based specialty chemicals manufacturer was majority-owned by affiliates of private equity firm American Securities LLC. All required regulatory approvals have been received. The enterprise value of Emerald Kalama Chemical was USD 1.075 billion (EUR 900 million). After deducting liabilities, the purchase price was approximately USD 1.04 billion (EUR 870 million), which LANXESS financed from existing liquidity.
“Emerald Kalama Chemical gives us another major boost on our growth path. The new businesses are an optimal strategic fit for us. We are strengthening our position in markets with attractive growth rates and opening up new high-margin application areas, especially in the beverage and food sector or in cleaning and cosmetic products. What’s more, Emerald Kalama Chemical is perfectly backward integrated – strengthening our value chain in Consumer Protection. This segment is thus an important engine on the way to making LANXESS even more stable and profitable,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
“A strong team is now working at full speed to ensure a rapid integration.”
With the closing of the transaction, LANXESS grows by around
470 employees and the three production sites in Kalama/Washington (USA), Rotterdam (Netherlands), and Widnes (Great Britain).
In 2020, Emerald Kalama Chemical achieved global sales of approximately USD 425 million (EUR 375 million) and EBITDA pre exceptionals of around USD 90 million (EUR 80 million). Within three years, LANXESS expects an additional annual EBITDA contribution of around USD 30 million (EUR 25 million) from synergy effects. The acquisition will already be earnings per share accretive in the first fiscal year after its completion.
Expansion of the product portfolio for the consumer care sector
Around three-quarters of the sales of the acquired businesses are attributable to specialty products for the consumer care market.
The acquisition makes LANXESS one of the leading providers of products for flavors and fragrances – an area in which the specialty chemicals company expects to see sustained strong growth rates. The substances are used primarily in personal care products, cosmetics, and exclusive fragrances, as well as food and beverages. The product range in the new LANXESS portfolio includes more than 30 aroma chemicals that provide earthy, floral, fruity, spicy, and herbal notes.
LANXESS is incorporating this business into the newly established Flavors & Fragrances business unit, which will become part of the Consumer Protection segment.
The acquisition also strengthens LANXESS’ leading position in the preservatives business. The new products will be used in high-growth applications in the food and beverage industry as well as in detergents, fabric softeners, cosmetics, and personal care products.
Specialty chemicals for industrial applications
Around a quarter of the sales of the acquired businesses are accounted for by specialty chemicals for high-growth industrial applications, primarily in the plastics, paints and coatings, and adhesives industries. The products will be integrated into the Polymer Additives business unit.
337823 599882woah i like yur internet site. It truly helped me with the info i wus searching for. Appcriciate it, will bookmark. 548068
22601 150695Maintain websiteing stuff like this I in fact am fond of it 63195
146570 864911Considerably, the story is in reality the greatest on this noteworthy topic. I agree along with your conclusions and will eagerly watch forward to your next updates. Saying nice one will not just be sufficient, for the fantastic clarity in your writing. I will immediately grab your rss feed to stay privy of any updates! 567738
621551 74634You created some decent points there. I looked on the net for any difficulty and located most individuals goes along with together with your site. 224885
Merely wanna comment that you have a very nice internet site, I enjoy the design and style it really stands out.
834529 432030I truly appreciated this wonderful weblog. Make certain you keep up the excellent function. All the greatest !!!! 729913
It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I want to suggest you few interesting things or advice. Maybe you can write next articles referring to this article. I want to read more things about it!
I’ve been absent for some time, but now I remember why I used to love this web site. Thank you, I’ll try and check back more often. How frequently you update your web site?
Oh my goodness! an amazing article dude. Thanks Nonetheless I’m experiencing concern with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting identical rss drawback? Anyone who is aware of kindly respond. Thnkx
You made various good points there. I did a search on the theme and found mainly folks will agree with your blog.
227446 860676This really is the suitable blog for anybody who needs to seek out out about this subject. You notice so significantly its virtually laborious to argue with you (not that I actually would wantHaHa). You undoubtedly put a brand new spin on a topic thats been written about for years. Great stuff, just great! 346097
Excellent read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch because I found it for him smile Thus let me rephrase that: Thank you for lunch!
Aw, this was a very nice post. In concept I wish to put in writing like this moreover – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and not at all seem to get something done.
I’ve been browsing online more than three hours today, yet I by no means found any attention-grabbing article like yours. It’s pretty price sufficient for me. Personally, if all web owners and bloggers made just right content as you probably did, the web shall be much more helpful than ever before. “A winner never whines.” by Paul Brown.
I as well conceive thence, perfectly composed post! .
In the awesome design of things you actually get a B+ for effort and hard work. Where exactly you misplaced me ended up being in the facts. As people say, details make or break the argument.. And it couldn’t be more accurate right here. Having said that, allow me reveal to you what did give good results. The article (parts of it) is actually extremely engaging and this is most likely the reason why I am taking an effort to comment. I do not make it a regular habit of doing that. 2nd, despite the fact that I can certainly see the leaps in logic you come up with, I am not really sure of just how you seem to connect your details which produce the actual final result. For the moment I will subscribe to your issue however hope in the near future you link your dots better.
Wonderful website. A lot of useful information here. I’m sending it to a few friends ans also sharing in delicious. And certainly, thanks for your sweat!
738974 766597Excellent publish from specialist also it will probably be a great know how to me and thanks extremely much for posting this helpful data with us all. 616232
973496 24258Hello there. I necessary to inquire some thingis this a wordpress website as we are thinking about transferring across to WP. Moreover did you make this theme all by yourself? Cheers. 582383
752090 428524I adore foregathering beneficial info, this post has got me even much more information! . 222603
This is a topic which is close to my heart… Best wishes!
무료스포츠중계
Exactly where are your contact details though?
74534 658397Im glad to become a visitor in this pure internet site, regards for this rare information! 878614
It’s really a great and useful piece of information. I am glad that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.
Hello this is somewhat of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding expertise so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!
933387 537645Excellently written post, doubts all bloggers offered the same content material because you, the internet is a greater spot. Please maintain it up! 437162
Hi, I do believe this is a great website.“오피뷰”
I stumbledupon it 😉 I may revisit once again since I bookmarked it. Money
and freedom is the greatest way to change, may you be rich and continue to guide other people.
521646 716628Some times its a pain in the ass to read what weblog owners wrote but this internet web site is really user genial ! . 443070
631908 962602Wohh exactly what I was looking for, regards for putting up. 564035
658564 394780Hey there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any methods to stop hackers? 887623
Some truly great info , Gladiola I noticed this.
Keep functioning ,splendid job!
Very interesting points you have remarked, regards for posting.
he blog was how do i say it… relevant, finally something that helped me. Thanks
Hey there! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.
Just wanna remark on few general things, The website design and style is perfect, the subject matter is rattling good : D.
Hey! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Thanks!
Hey there! This is kind of off topic but I need some guidance from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about creating my own but I’m not sure where to begin. Do you have any ideas or suggestions? Thank you