Lanxess: Acquisition of Emerald Kalama Chemical completed
Lanxess announced that it has completed the acquisition of Emerald Kalama Chemical on 3 August 2021. The US-based company is a leading manufacturer of speciality chemicals. Lanxess signed the purchase agreement on 14 February 2021. All required regulatory approvals have been received. Lanxess said it financed the purchase price of around USD 1.04 billion (EUR 870 million) from liquid funds.
According to Lanxess, the second-biggest acquisition in its history sees the company expanding its range of speciality chemicals for industrial applications, especially for the plastics, paints and coatings as well as adhesives industries.
One important addition to the new Lanxess portfolio is the K-Flex range of non-phthalate plasticisers and coalescents for adhesives, coatings, sealants and vinyl applications. K-Flex plasticisers optimise production processes and end product properties. They are highly compatible with polar polymers in water-based adhesive systems and improve film formation in paints and coatings. During the manufacture of PVC articles, the rapid-gelling dibenzoates can help to speed up processing.
Other important additions to the overall portfolio for industrial applications include Kalama Vitroflex plasticisers for the manufacture of polysulfide sealants and Modulast modifiers, which were developed for use in reactive polyurethane systems.
Last but not least, benzoic acid, benzaldehyde and benzoate salts supplements the Lanxess offer in future. These are used as intermediates, building blocks and additives in a number of industrial applications, e.g. for the production of esters, alkyd resins or corrosion inhibitors.