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LANXESS steps closer to acquire Chemtura

By Niranjan Mudholkar,

Added 03 February 2017

Chemtura shareholders approve the acquisition

Flame retardant and lubricant additives are the main pillars of Chemtura's business and would complement the current LANXESS portfolio. After closing of the transaction, these two business activities are to be integrated with LANXESS's Rhein Chemie Additives business unit to form a new segment.

Today, Rhein Chemie Additives already supplies a broad range of special additives and service products for the manufacture of plastics, rubber, lubricants and coatings. It employs some 1,600 people at more than 20 sites around the world.

Alongside the additives, Chemtura's portfolio also includes urethanes and organometallics, which will be integrated into LANXESS as well. Chemtura has about 2,500 employees globally and operates at 20 sites in 11 countries.
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