Shanghai, China - Speciality chemicals group Lanxess AG has bought China-based Jiangsu Polyols Chemical Co. Ltd, a maker of polyols including trimethylol-propane (TMP), located in Liyang, to the west of Shanghai. Lanxess will acquire Jiangsu Polyols Chemical's business and production assets in a deal expected to close in the third quarter of 2009. The parties agreed not to disclose the purchase price.
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