European Coatings Journal - 15.01.2020 | TOP INDUSTRY MOVE


Specialty chemicals company Lanxess is strengthening its position as a manufacturer of active biocidal ingredients and formulations and has acquired Itibanyl Produtos Especiais Ltda. (IPEL). The family-run company with headquarters in Jarinu, São Paulo, is one of Brazil's leading biocide manufacturers and generated sales in the lower double-digit million EUR range in 2018. It employs around 100 people and has both laboratory and manufacturing facilities. Both companies signed an agreement at the end of November 2019. The transaction is still subject to the approval of the responsible antitrust authorities and is expected to be completed in the first ...
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