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People & Business :: Companies

Lanxess Completes Acquisitions in China and India

12:16 AM MDT | September 2, 2009 | Deepti Ramesh

Lanxess says it has completed the previously announced acquisition of chemical business and assets of Gwalior Chemical Industries (Mumbai) for €82.4 million ($112 million), and also the business and production assets of Chinese-based Jiangsu Polyols Chemical for an undisclosed sum. The transactions have received the necessary approvals, and have taken economic and legal effect on September 1, 2009, Lanxess says. The acquisitions complement the portfolio of Lanxess’ Basic Chemicals business unit, which is a leading manufacturer of raw materials for...

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