NSG
NEWSROOM
 
 

PMC Group Announces Agreement to Acquire Lanxess’ Organotin Specialties Business




MOUNT LAUREL, N.J. - Thursday 14 November 2019, 12:19 Pm  [AETOS Wire]

(BUSINESS WIRE)-- PMC Group N.A., Inc. ("PMC") and Lanxess Organometallics GmbH are pleased to announce that the parties have reached an agreement whereby PMC’s European subsidiary will acquire the organotin specialties product line (the “Business”) from Lanxess. The transaction is scheduled to close by year end, subject to customary closing conditions.

The Business includes Lanxess’ global organotin catalyst, organotin specialties and intermediates product lines. The transaction includes a toll manufacturing agreement under which Lanxess will continue to manufacture certain products post-closing for PMC at its Bergkamen, Germany organometallics manufacturing facility.

Mr. Debtosh Chakrabarti, President of PMC said, “This acquisition represents PMC’s continuing commitment to the organotin industry and is synergistic to our existing organometallics and catalyst businesses. We believe that the customer base of the Business as well as all of PMC’s customers will benefit significantly from combining the technology base and experience of the organometallics business with PMC’s global supply chain, technology and manufacturing capabilities and focus on innovative solutions and technical service in this industry.”

ABOUT PMC

PMC Group is a US based growth oriented, diversified, global chemicals and pharmaceuticals company dedicated to innovative solutions to every need in a broad range of end markets including, plastics, consumer products, electronics, coatings, packaging, mining, personal care, food, automotive and pharmaceuticals. The company was built on a sustainable model of growth through innovation while promoting social good. PMC operates from a global manufacturing, innovation, and marketing platform with facilities in the Americas, Europe and Asia. More information about PMC and its activities around the world can be found at www.pmc-group.com.

ABOUT LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191112006159/en/


Contacts
9943

MULTIMEDIA GALLERY

Logo




 
 
 
 
 
About Us
Corporate Summary
Mission/Vision
Team
Operating Philosophy
Our Businesses
Overview
AETOS Wire
TRANSHouse
Our Partners
Overview
Business Wire

News Agencies

Corporate citizenship
Overview
Pro bono Work
Employee Engagement

Join Us
Overview
Relationship Managers
Junior English Copywriters
Translators
Researchers
Account Executives
Media Relations Executives
Content Editors
Contact Us
Terms & conditions
Privacy Statement