Lanxess sells Perlon-Monofil subsidiary to Serafin

11:53 AM, 20th March 2014

COLOGNE, GERMANY: Lanxess AG, specialty chemicals company, has divested its wholly-owned subsidiary Perlon-Monofil to the Munich-based Serafin Group for an undisclosed amount. The transaction closes with immediate effect. Perlon-Monofil GmbH is a global leader for polyamide (PA) and polyester (PET) monofilament products sold under the brand names Perlon, Atlas and Bayco.

“We are delighted that Perlon-Monofil and its dedicated team have found a new home with the Serafin Group. Serafin already has a good standing within the monofilaments industry through its unit Nextrusion and will open up new prospects for the further development of Perlon-Monofil in the future,” said Werner Breuers, Board Member, Lanxess.

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