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Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the world’s leading suppliers of flame retardant and lubricant additives, earlier than originally expected effective April 21, 2017. All required regulatory authorities have cleared the transaction.
Flame retardant and lubricant additives are the main pillars of Chemtura’s business and they now complement the current LANXESS portfolio combined in a new “Additives” business unit. With the closing of the transaction, these two business activities are integrated with LANXESS’s “Rhein Chemie" business unit to form a new segment – “Specialty Additives”.
The Organometallics business is integrated in the segment “Advanced Intermediates” and will become part of the “Advanced Industrial Intermediates” business unit.
Urethanes Systems forms a new business unit within the “Engineering Materials” segment.
With the acquisition of Chemtura, LANXESS is building on its own additives portfolio. The company becomes one of the world’s major actors in this growing market.