Lanxess: Contract to acquire Emerald Kalama Chemical
Specialty chemicals company Lanxess has signed a binding agreement to acquire 100 % shares in Emerald Kalama Chemical on 14 February 2021.
The US-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. The enterprise value of Emerald Kalama Chemical amounts to USD 1.075 billion. After deducting debt-like items, the purchase price is around USD 1.04 billion (EUR 867 million*), which Lanxess will finance from existing liquidity. The transaction is expected to be completed in the second half of 2021. It is still subject to approval by the relevant authorities.