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    Home»Mergers & Acquisitions»Chemical firm Lanxess buys U.S.-based Emerald Kalama in $1.1 billion deal
    Mergers & Acquisitions

    Chemical firm Lanxess buys U.S.-based Emerald Kalama in $1.1 billion deal

    February 16, 2021Updated:February 16, 20211 Min Read
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    Since August 1, 2013, specialty chemicals Group LANXESS is steering its global business from the LANXESS Tower in Cologne.
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    German chemical company Lanxess is buying U.S.-based Emerald Kalama Chemical for an enterprise value of about $1.08 billion to strengthen its consumer business.

    The company reported 2020 sales of around $425 million and earnings before interest taxes depreciation and amortisation (EBITDA) before exceptionals of around $90 million.

    “By acquiring Emerald Kalama Chemical, Lanxess strengthens its specialty chemical portfolio, especially in the consumer protection segment, and would materially expand into the growth markets of food and animal nutrition,” it said.

    Lanxess said the acquisition would be earnings-per-share accretive in the first fiscal year after its completion. Within three years following completion it expects synergies, or cost savings, to generate an additional $30 million in annual EBITDA.

    Read more at: Reuters

    By Derek Francis, Vera Eckert, Jonathan Oatis and Pravin Char

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    Acquisitions deals and transactions Mergers and acquisitions
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