M&A Deal Summary

LANXESS Acquires Chemtura

On September 25, 2016, LANXESS acquired chemicals company Chemtura for 2.5B USD

Acquisition Highlights
  • This is LANXESS’s 12th transaction in the Chemicals sector.
  • This is LANXESS’s 2nd largest (disclosed) transaction.
  • This is LANXESS’s 5th transaction in the United States.
  • This is LANXESS’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2016-09-25
Target Chemtura
Sector Chemicals
Buyer(s) LANXESS
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Morgan Stanley (Financial)
Davis Polk & Wardwell (Legal)

Target

Chemtura

Philadelphia, Pennsylvania, United States
website
Chemtura Corp. is a specialty chemicals company. Chemtura offers a number of products used in the transportation, energy & electronics, and agriculture sectors. Chemtura was formed in 1900 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

LANXESS

Cologne, Germany

website

Category Company
Founded 1863
Sector Chemicals
Employees13,190
Revenue 8.1B EUR (2022)
DESCRIPTION
Entrance to Lanxess' Pittsburgh, Pennsylvania office.
Entrance to Lanxess' Pittsburgh, Pennsylvania office.

LANXESS is a German specialty chemicals company. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LAXNESS was founded in 1863 and is based in Cologne, Germany.

DEAL STATS #
Overall 12 of 16
Sector (Chemicals) 12 of 15
Type (Add-on Acquisition) 7 of 9
State (Pennsylvania) 2 of 2
Country (United States) 5 of 7
Year (2016) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 The Chemours Company - Clean and Disinfect Business

Wilmington, Delaware, United States

Chemours' - Clean and Disinfect Business is a set of oxidation chemistry businesses focused on providing cleaning and disinfection solutions for a wide range of industrial, consumer, animal and human health applications. The product portfolio is organized into three primary categories: Disinfectants, Oxone and Chlorine Dioxide.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Currenta OHG

Leverkusen, Germany

Currenta GmbH & Co. OHG manages and operates infrastructure, energy supply, and other essential services across the chemical parks in Leverkusen, Dormagen, and Krefeld-Uerdingen, More than 70 production companies, and service providers currently enjoy the benefits of being located in Germany’s largest chemical park.

Sell €3.5B
Mergr

Product

Company

Legal