Chemtura and LANXESS, together, will be a major player in the additives field with a global presence. Chemtura and LANXESS complement one another, both with respect to product portfolios and geographies.
The combination results in significant cost and top-line synergies. With the acquisition of the Chemtura business, LANXESS can deliver on its strategy to focus on mid-sized markets and participate more strongly in the ongoing growth in North America.
This transaction will enable LANXESS to diversify its end-market exposure and develop into a more stable and efficient company, while improving its cash generation.
With this acquisition, we are forming a champion in the field of additives and are strengthening LANXESS' already profitable portfolio.
The Urethanes business offers a new class of high-tech materials for applications that include the mining, oil and leisure industries. The business has a low asset intensity and is well positioned in hot-cast prepolymers. It also has new capacities in place to cater for future growth in Asia (Nantong site, China).
The Organometallics business will be integrated into LANXESS' Advanced Industrial Intermediates (AII) business unit. It will have an established presence in Europe, especially in catalysts for polymers, and possesses outstanding production know-how. Organometallics operates in a highly competitive market environment.