LANXESS has completed the acquisition of Emerald Kalama Chemical. All required regulatory approvals have been received. LANXESS financed the purchase price of around USD 1.04 billion (EUR 870 million) from liquid funds.
Expanding Specialty Chemicals Portfolio
The acquisition sees the company expanding its range of specialty chemicals for industrial applications, especially for the paints and coatings, plastics as well as adhesives industries.
One important addition to the new LANXESS portfolio is the
K-FLEX® range of phthalate alternative plasticizers and coalescents for adhesives, sealants. K-FLEX® plasticizers optimize 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.
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The new products broaden the existing LANXESS range and offer growth opportunities in the area of phthalate alternative plasticizers which meet the most modern requirements of the plastics processing industry,” underlines Dr. Thomas Facklam, head of global application technology in the polymer additives business unit.
Other important additions to the overall portfolio for industrial applications include MODULAST® modifiers, which were developed for use in reactive polyurethane systems.
Benzoic acid, benzaldehyde and benzoate salts supplement the LANXESS offer in the future. These are used as intermediates, building blocks and additives in a number several industrial applications, e.g. for the production of esters, alkyd resins or
corrosion inhibitors.
Source: LANXESS