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Lanxess completes €2.4bn acquisition of Chemtura, starts integration

Cologne, Germany - German speciality chemicals company Lanxess completed the acquisition of US supplier of flame retardant and lubricant additives Chemtura on 21 April.

The Cologne, Germany-based speciality chemicals company said in a statement that all required regulatory authorities had cleared the takeover, which was previously announced last September.

The total value of the transaction was €2.4 billion, marking Lanxess’ largest acquisition.

The acquisition, said the German chemicals company, “significantly expands additives portfolio and makes Lanxess one of the world’s leading players in this growth field.”

In addition to additives,…

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