LANXESS Completes Acquisition of Emerald Kalama Chemical
COLOGNE, Germany – Specialty chemicals company LANXESS announced it has completed the acquisition of Emerald Kalama Chemical. The U.S.-based company is a leading manufacturer of specialty chemicals. LANXESS signed a purchase agreement on Feb. 14, 2021. All required regulatory approvals have been received. LANXESS financed the purchase price of around $1.04 billion (€870 million) from liquid funds.
In 2020, Emerald Kalama Chemical generated global sales of around $425 million (€375 million) and EBITDA pre-exceptionals of around $90 million (€80 million). Seventy-five percent of sales were attributable to business with specialty products for the consumer care market, especially products for flavors and fragrances, as well as preservatives for use in food, household products and cosmetics. One quarter of sales originated from business with specialty chemicals for industrial applications. With the closing of the transaction, LANXESS grows by around 470 employees and the three production sites in Kalama, Washington; Rotterdam, the Netherlands; and Widnes, Great Britain.