Home / Knowledge / News / Textiles / Lanxess acquiring supplier of flame retardants Chemtura
Lanxess acquiring supplier of flame retardants Chemtura
27
Sep '16
German specialty chemicals producer Lanxess is acquiring Chemtura Corporation, one of the major US based global suppliers of flame retardant and lubricant additives. This is the largest acquisition in its history for Lanxess, which will help the company become one of the world's major players in the growing flame retardant and additives market.

Chemtura shareholders will receive $33.50 per share in cash for each outstanding share of common stock held, which represents a 18.9 per cent premium to the stock's closing share price of $28.18 on September 23, 2016.

The transaction for approximately €2.4 billion will be financed by Lanxess primarily through senior and hybrid bonds, as well as from existing liquidity.

Chemtura operates 20 facilities in 11 countries and employs approximately 2,500 employees, while reporting sales of around €1.5 billion in the last four quarters and generating 45 per cent of its revenue from the North American market. (AR)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search