Lanxess acquires Belgian firm's South Carolina chemical complex

By Ron Kotrba | February 15, 2018

Specialty chemicals company Lanxess, a supplier of ion exchange resin technology for biodiesel purification and the Baynox line of antioxidants for biodiesel fuel, has completed acquisition of the phosphorus chemicals business from Belgian chemicals group Solvay. The companies agreed to the purchase in November, and the transaction has been cleared by the relevant authorities.

The purchase includes Solvay’s U.S. production site in Charleston, South Carolina, where 90 employees in six production plants manufacture phosphorus chloride, in addition to a number of derivative products including flame-retardant additives and intermediate products for agricultural chemicals.

“With this acquisition, we are benefitting from a North American platform for phosphorus-based specialty chemicals—a key component of our additive business—and are able to further drive our growth in this key region,” said Anno Borkowsky, general manager of the additives business unit at Lanxess. 

Annual sales from the Charleston complex reach 65 million euros (USD$81 million).

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