LANXESS recently announced it has acquired Pittsburgh, PA-based Verichem Inc. The transaction reportedly bolsters LANXESS’ position in the U.S. material protection market and broadens its global biocide manufacturing network. LANXESS will gain access to a complementary portfolio of biocides, as well as active ingredients registered with the U.S. Environmental Protection Agency (EPA). The materials are used to protect coatings, adhesives and construction materials, as well as pulp and paper. The biocides can prevent the deterioration and discoloring of materials caused by microorganisms.
Verichem is a privately owned company with approximately 20 employees. The company recorded sales of roughly $10 million in 2010. Verichem’s production site is located close to LANXESS’ U.S. headquarters in Pittsburgh.
“This transaction underlines LANXESS’ standing as a key supplier of high-tech solutions for the urbanization megatrend,” said Rainier van Roessel, member of the LANXESS board of management.
Verichem will be integrated into the LANXESS Material Protection Products (MPP) business unit, reportedly one of the world’s leading suppliers of biocides. The business unit is headed by Torsten Derr and currently employs approximately 300 people.
For more information, visit www.lanxess.com