Kemira’s acquisition of Lanxess Paper business unit confirmed
Apr 04, 2006. The deal between Kemira Oyj and the German company Lanxess AG on the acquisition of Lanxess' Paper business unit announced in December 2005 has reached closing.
Apr 04, 2006. /Lesprom Network/. The deal between Kemira Oyj and the German company Lanxess AG on the acquisition of Lanxess' Paper business unit announced in December 2005 has reached closing. The responsible antitrust authorities agreed to the transaction on March 1, 2006 and Kemira took over the business on April 1, 2006.
The main range of Lanxess' products consists of colourants, fluorescent whitening agents and sizing agents. Another large part of the net sales comes from toll-manufactured products traded for the pulp and paper industry. The unit has production plants in Leverkusen, Germany and in Bushy Park, South Carolina, USA, and employs 375 persons globally. In 2004, its net sales were approximately Euro 240 million.
After the Lanxess acquisition, Kemira will be the leading supplier of chemicals to the pulp and paper industry worldwide. Pulp and paper chemicals, being one of Kemira’s four core business areas, will reach net sales of approximately Euro 1.1 billion with a staff of 2500.