Pursuing the Growth Course Lanxess to Acquire Emerald Kalama Chemical

摘要

Specialty chemicals company Lanxess is accelerating its growth course and signed a binding agreement to acquire 100% shares in Emerald Kalama Chemical on February 14,2021.The US-based company is a globally leading manufacturer of specialty chemicals,especially for the consumer segment,and is majority-owned by affiliates of the US private equity firm American Securities LLC.The enterprise value of Emerald Kalama Chemical amounts to USD 1.075 billion.After deducting debt-like items,the purchase price is around USD 1.04 billion(EUR 867 million),which Lanxess will finance from existing liquidity.The transaction is expected to be completed in the second half of 2021.It is still subjectto approval by the relevant authorities.In 2020,Emerald Kalama Chemical achieved sales of around USD 425 million and Ebitda pre exceptionals of approximately USD 90 million.