MOSCOW (MRC) -- LANXESS, German specialty chemicals company, is expanding its portfolio of phosphorus-based chemicals by taking over the business operations belonging to the French subsidiary of the insolvent Dutch company thermPhos International B.V., reported the company on its site.
The transaction closes with immediate effect.
LANXESS is acquiring the production assets and the customer list of the thermPhos site in Epierre, South Eastern France - a globally leading Phosphorus Pentoxide and Polyphosphoric Acid producer. Both products are complementary to the company’s existing phosphorus portfolio. They can be used as chemical intermediates including flame retardants and pharmaceuticals.
The site will be integrated into the production network of LANXESS’ business unit Functional Chemicals (FCC), which belongs to the company’s Performance Chemicals segment.
Apart from phosphorus-based chemicals, FCC manufactures specialty plasticizers and colorants. It employs about 480 people worldwide, with the majority based at its sites in Leverkusen and Krefeld-Uerdingen, Germany.
As MRC wrote previously, Lanxess has recently developed a new polyester material grade based on polyethylene terephthalate (PET). The new material grade - Pocan TP 555-001 - is excellently suited to manufacturing housings, sockets and other components for light-emitting diodes (LED). What makes the product unique is its excellent light reflection, which hardly declines at all over time, and its high heat stability. Besides, it is reinforced with glass fibers and contains special additives.
Lanxess is a leading specialty chemicals company with sales of EUR9.1 billion in 2012 and roughly 17,400 employees in 31 countries. The company is currently represented at 50 production sites worldwide. The core business of Lanxess is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
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