Lanxess acquires Singapore firm, strengthens biocides portfolio

Lanxess acquires Singapore firm, strengthens biocides portfolio

9:27 AM, 5th April 2013
Lanxess acquires Singapore firm, strengthens biocides portfolio
Rainier van Roessel, Member of the Board of Management, Lanxess.

SINGAPORE/LEVERKUSEN, GERMANY: Lanxess is strengthening its product portfolio for biocides to serve the megatrend urbanization. The German specialty chemicals group has acquired Singapore-based PCTS Specialty Chemicals Pte Ltd for an undisclosed amount. The transaction closes with immediate effect. Through the acquisition, Lanxess is now one of the leading suppliers of biocides for paints and coatings in the rapidly-growing Asia-Pacific region. Lanxess will gain access to a complementary portfolio of biocides and will benefit from PCTS’ highly-recognized product expertise and know-how in paints and coatings.

PCTS will be integrated into the Lanxess business unit Material Protection Products (MPP), which belongs to the company’s Performance Chemicals segment. The PCTS facility will also become the new Asia-Pacific headquarters of MPP. The business unit is already one of the world’s leading suppliers of biocides. It acquired the US based biocide company Verichem Inc and the material protection activities of Switzerland’s Syngenta in 2011.

“This transaction underlines Lanxess’ standing as a key supplier of high-tech solutions for the megatrend urbanization. It also strengthens our company’s asset base in the booming Asian market,” said Rainier van Roessel, Member of the Board of Management, Lanxess.

© WOC News 

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