LANXESS completed the acquisition of Emerald Kalama Chemical for $1bn.

LANXESS, a specialty chemicals company, completed the acquisition of Emerald Kalama Chemical, a manufacturer of specialty chemicals, for $1bn. “The businesses of Emerald Kalama Chemical are an ideal fit for us. We will further strengthen our Consumer Protection segment and open up new application areas with strong margins, for example in the food industry and animal health sector. In addition, we will also enlarge our presence in our growth region of North America. All this will make us even more profitable and stable,” Matthias Zachert, LANXESS Chairman of the Board of Management.