International. The chemical company, Lanxess, announced that it successfully completed the purchase of the phosphorus chemicals business of the Belgian chemical group Solvay, including its production site in the United States, in Charleston, South Carolina.
All relevant antitrust authorities have cleared the transaction. Lanxess and Solvay agreed to the purchase in mid-November 2017.
The Charleston headquarters includes six production plants, where approximately 90 employees manufacture phosphorus chloride, plus numerous by-products such as flame retardant additives and agrochemical intermediates. The business represents annual sales of approximately €65 million.
Lanxess said the acquisition is another step in the Group's growth strategy with a focus on mid-market markets and the North American and Asian regions.
