05 April 2013 09:35 [Source: ICIS news]
SINGAPORE (ICIS)--LANXESS has acquired Singapore-based PCTS Specialty Chemicals for an undisclosed amount, the German specialty chemicals firm said on Friday.
PCTS specialises in biocides for environmentally friendly water-based paints.
Biocides prevent the deterioration and discolouring of paints caused by microorganisms, LANXESS said in a statement.
The firm will be integrated with LANXESS’ material protection products unit, which is part of its performance chemicals segment.
The PCTS facility in Singapore will also become the new Asia-Pacific headquarters of the material protection products unit.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections