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People & Business :: M&A

Lanxess acquires Singapore-based biocides company PCTS

10:05 AM MDT | April 5, 2013 | Deepti Ramesh

Torsten Derr, global head of material protection products business unit at Lanxess; and Shae Toh Hock, senior v.p./corporate planning and development at Nipsea, sign the deal. Lanxess says it has acquired PCTS Specialty Chemicals (Singapore) for an undisclosed amount. The transaction closes with immediate effect. PCTS specializes in biocides for water-based paints that meet stringent health, safety, and environmental standards, Lanxess says. The company was majority owned by Nipsea Technologies (Singapore). Through the acquisition, Lanxess is now one of...

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