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Comment Business & Economics

Lanxess acquires U.S. biocide specialist Verichem  

By Gerald Ondrey |

Lanxess AG (Leverkusen, Germany) is strengthening its portfolio of biocides with the acquisition of Verichem Inc. (Pittsburgh, Pa.). As a result, the German specialty chemicals company will significantly bolster its position in the U.S. material protection market and broaden its global biocide-manufacturing network. Both parties have agreed not to disclose financial details. Lanxess will gain access to a complementary portfolio of biocides, as well as active ingredients registered with the U.S. Environmental Protection Agency (EPA). They are used to protect coatings, adhesives, construction materials, as well as pulp and paper. The biocides prevent the deterioration and discoloring of materials caused by microorganisms. Verichem is a privately owned company currently employing around 20 people. It recorded sales of roughly $10 million in 2010. Verichem’s production site is located close to Lanxess’ U.S. headquarters in Pittsburgh. The transaction will close with immediate effect. Verichem will be integrated into the Lanxess business unit Material Protection Products (MPP). MPP is already one of the world’s leading suppliers of biocides. It has recently strengthened its position as a supplier to the construction industry…
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