Lanxess acquires US based phthalate free plasticizer manufacturer

Lanxess acquires US based phthalate free plasticizer manufacturer

10:49 PM, 12th October 2011
Lanxess acquires US based phthalate free plasticizer manufacturer
Rainier van Roessel, Board Member, Lanxess.

LEVERKUSEN, GERMANY: Lanxess is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers. The company has agreed to acquire Unitex Chemical Corporation located in Greensboro, North Carolina. Financial details were not disclosed. The transaction also represents Lanxess’ first acquisition of a manufacturing site in the United States.

Privately-owned Unitex production site has a capacity of more than 50,000 metric tonne per year dedicated to mainly producing phthalate-free plasticizers and other specialty products, including flame retardants. Unitex achieved sales of about $30 million in 2010. 

Through this acquisition, Lanxess will gain access to Unitex’s flexible manufacturing facility coupled with an extensive portfolio of phthalate-free plasticizers, including benzoates, citrates and trimellitates. Unitex’s product portfolio will strengthen Lanxess’ leading brands of phthalate-free plasticizers, including Mesamoll, Unimoll, Adimoll and Ultramoll.

The size of the global phthalate-free plasticizers market is currently estimated at €1.3 billion and is growing at seven per cent per year. Phthalate-free plasticizers have been growing in demand due to legislative initiatives in developed markets and also in emerging markets around the world.

“This transaction underlines our technology leadership in specialty chemicals and strengthens our relationship with our customers in the US, the world’s largest chemical market,” said Rainier van Roessel, Board Member, Lanxess

“I am delighted that Unitex will be joining forces with Lanxess, whose focus on technology and strong global standing will give the Greensboro team the platform to achieve even more success,” said George W Page, former President and Owner, Unitex.

The transaction will close with immediate effect and the Unitex business will be integrated into the Lanxess business unit functional chemicals. 

(C) WOC News 



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