Hot Press News
- FIITJEE's Long Term Classroom Program Students continue its Supremacy by securing All India Ranks 3, 13 & 16 in JEE Main 2024
- RDATourism Introduces Advanced MICE Tourism Services for Business and Corporate Events
- Indian School of Hospitality has announced admission for BBA in Hospitality Management
- My Guy Pest and Lawn Announces Specialized Ant Extermination and Boxelder Bug Control Services in Utah
- PalsCity Unveils Exciting New Blog Post in May 2024
- Housing Guards Introduces Comprehensive Range of Drywall Supplies in Oshawa
- Kevin's Review Students Score Another Perfect NCLEX Pass Rate in 2023
- SJ Auctioneers' May 5th Auction Features Estate Silver, Vintage Toys, Figurines, Fine Jewelry, more
- Baird Mandalas Brockstedt & Federico, LLC Advocates for Victims of Birth Injuries in Maryland
- Future Electronics Features Amphenol Sine Systems A Series Connectors in Recent Digital Campaign
- AAFT School of Fashion and Design Showcases Exquisite Garments at Style Odyssey Exhibition
- WPDRF Honors Dr. Binny Sareen from Brahma Kumaris
- Tips for Designing the Perfect Backyard Retreat
- ThoughtSol Infotech is Certified as the 'Great Place To Work' in the Fifth Consecutive Year
- Samsung India Launches the 2nd Season of 'Samsung Innovation Campus' National Skilling Programme to Empower Youth
 Mail to a Friend |
|
 Rate |
   |
LANXESS completes acquisition of disinfection and hygiene solutions provider Theseo
2024-04-27 11:14:24
Industry
775
Cologne/Laval, April 14, 2021 ? Specialty chemicals company LANXESS completed the acquisition of the French Theseo group, a leading manufacturer of animal health and biosecurity solutions. LANXESS and the seller signed a corresponding binding purchase agreement on February 9, 2021, and the relevant antitrust authorities approved the transaction in mid-March.
With the acquisition, LANXESS is significantly expanding its portfolio of products for the growth market of animal husbandry ? now comprising an extensive range of disinfection and hygiene solutions. In addition, the specialty chemicals company is adding products for pest control and for animal nutrition and welfare to its portfolio. The new businesses will be integrated into the Material Protection Products business unit.
LANXESS has financed the enterprise value of approximately EUR 70 million from existing cash. The acquired businesses represent sales of around EUR 33 million and EBITDA in the mid-single-digit million euro range. Within the next three years, LANXESS expects an additional annual EBITDA contribution in the same amount from synergy effects. The acquisition will already be earnings per share* accretive in the first fiscal year after its completion.
With the transaction, LANXESS is taking on more than 100 employees at sites in Laval (France), Wietmarschen (Germany), Hull (United Kingdom) and Campinas (Brazil).
* adjusted for exceptional items and amortization of intangible assets
About LANXESS:
LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,300 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.
Company :-Mutual PR
User :- Poonam Kaur
Email :-poonam@mutualpr.com
To ensure stability and reachability of your applications at all times, remote DDoS protection can keep your hosting services online
Get your Explainer Video at 100 dollars only Today.
