LANXESS strengthens its biocides business with the acquisition of INTACE. The Paris-based biocide company is INTACE is specialized in the formulation and application of fungicides and biocides for the paper, board, non-woven, textile and plastic industries.
Transaction to be Completed in First Quarter 2021
“INTACE's strong customer network can soon benefit from LANXESS’ global footprint and regulatory expertise,” said Oliver Kretschik, vice president of the
biocides business line at LANXESS’ Material Protection Products business unit.
LANXESS and the seller have signed an agreement to this effect on January 14, 2021. The parties have agreed not to disclose the purchase price. LANXESS expects the transaction to be completed in the first quarter of 2021.
The LANXESS Material Protection Products business unit employs around 660 employees and has production sites in Krefeld-Uerdingen and Dormagen (Germany), Sudbury (Great Britain), Pittsburgh and Memphis (USA), Jarinu (Brazil), Jhagadia (India), Changzhou (China) and Singapore.
Products from this business unit are used in a huge variety of applications worldwide. With its broad range of active antimicrobial ingredients and preservatives, the business unit provides customer-specific solutions for various branches of industry such as the paints and coatings, disinfection and wood protection industries as well as the building sector and beverage industry.
Material Protection Products also provides a comprehensive technical service and regulatory support as well as project-specific research and development.
Source: LANXESS