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Comment Business & Economics

Lanxess acquires Unitex Chemical  

By Gerald Ondrey |

Lanxess AG (Leverkusen, Germany; www.lanxess.com) is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers. The specialty chemicals company has agreed to acquire Unitex Chemical Corp. (Greensboro, N.C.). Financial details were not disclosed. The transaction also represents Lanxess’ first acquisition of a manufacturing site in the U.S. Privately-owned Unitex has about 40 employees based at its production site in Greensboro. The site has a capacity of more than 50,000 metric tons (m.t.) 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 7%/yr. The…
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