Divestiture • Chemicals

LANXESS Acquires International Flavors & Fragrances - Microbial Control Business

On August 23, 2021, LANXESS acquired chemicals company International Flavors & Fragrances - Microbial Control Business from IFF for 1.3B USD

Acquisition Context
  • This is LANXESS’s 15th transaction in the Chemicals sector.
  • This is LANXESS’s 3rd largest (disclosed) transaction.
  • This is LANXESS’s 7th transaction in the United States.
  • This is LANXESS’s 1st transaction in New York.

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M&A Deal Summary

Date August 23, 2021
Target International Flavors & Fragrances - Microbial Control Business
Sector Chemicals
Buyer(s) LANXESS
Sellers(s) IFF
Deal Type Divestiture
Deal Value 1.3B USD

Target Company

International Flavors & Fragrances - Microbial Control Business

New York, New York, United States
IFF’s Microbial Control business unit is a global leader that provides innovative and sustainable solutions. The business unit specializes in offering preservation and hygiene solutions for a wide array of industrial and consumer applications, including paints & coatings, building materials, animal biosecurity, personal care, and home care.
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Buyer Overview 1

Buyer

LANXESS

Cologne, Germany

Category Company
Founded 1863
Sector Chemicals
Employees12,338
Revenue 6.4B EUR (2024)
DESCRIPTION
Entrance to Lanxess' Pittsburgh, Pennsylvania office.
Entrance to Lanxess' Pittsburgh, Pennsylvania office.

LANXESS is a 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 Context for Buyer #
Overall 15 of 17
Sector: Chemicals 15 of 16
Type: Divestiture 5 of 6
State: New York 1 of 1
Country: United States 7 of 7
Year: 2021 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Emerald Kalama Chemical

Vancouver, Washington, United States

Emerald Kalama Chemical is a premier material solutions provider, with a wide portfolio of quality ingredients that bring value and performance to applications such as adhesives, foods, beverages, fragrances, cosmetics, home care, vinyl, and other consumer and industrial products. Emerald Kalama Chemical LLC was founded in 2006 and is based in Vancouver, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 DSM Engineering Materials

Heerlen, Netherlands

DSM Engineering Materials provides high-performance and increasingly sustainable thermoplastics used in automotive, electrical & electronics, building & construction, medical, food packaging, and consumer goods (to name but a few). Its materials enable lighter, stronger, and more durable products - which in turn makes people’s lives safer, more convenient, and healthier – and all while helping to tackle carbon emissions. DSM Engineering Materials is based in Heerlen, Netherlands.

Buy €3.7B

Seller Profile 1

SELLER

IFF

New York, New York, United States

Category Company
Founded 1909
Sector Chemicals
Employees22,400
Revenue 11.5B USD (2024)
DESCRIPTION

IFF is a provider of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents, and household goods, as well as beverages, sweet goods, and food products. IFF was founded in 1909 and is based in New York, New York.


Deal Context for Seller #
Overall 1 of 10
Sector: Chemicals 1 of 8
Type: Divestiture 1 of 9
State: New York 1 of 4
Country: United States 1 of 5
Year: 2021 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-15 DuPont Nutrition & Biosciences

Copenhagen, Denmark

DuPont Nutrition & Biosciences provides expert science to advance market-driven, healthy and sustainable solutions for the food, beverage, dietary supplement and pharmaceutical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 HWP

Clackamas, Oregon, United States

HWP is a contract manufacturer of encapsulated dietary supplements and nutritional products. HWP produces thousands of unique and complex formulas for some of the industry's most trusted and innovative brands. HWP was founded in 1995 and is based in Clackamas, Oregon.

Buy -