08 November 2010 12:07 [Source: ICIS news]
LONDON (ICIS)--LANXESS has bought two business units from Flexsys for an undisclosed sum to strengthen its rubber chemicals portfolio, the company said on Monday.
The German specialty chemicals producer said it would integrate the businesses into existing production facilities in ?xml:namespace>
“The transactions clearly underline our commitment to maintain a reliable supply of high-quality chemicals to the tyre and technical rubber industries,” said Luis Lopez-Remon, head of LANXESS’s rubber chemicals business.
The acquisitions included selected parts of the primary accelerators business owned by Flexsys, and also its anti-reversion agent Perkalink 900. Both are used in tyre manufacturing.
LANXESS said it was already a leading supplier of primary accelerators and had invested €10m ($14m) over the past two years to upgrade its Kallo plant.
The acquisition of the primary accelerator business was subject to approval from the relevant competition authorities, LANXESS said.
($1 = €0.71)
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