Specialty chemicals company LANXESS closed the acquisition of the Clean and Disinfect business of U.S.-based chemicals company Chemours on August 31, 2016. All relevant antitrust authorities have approved the transaction.

LANXESS has paid around EUR 210 million for the Clean and Disinfect business, which comprises various active ingredients and specialty chemicals especially for disinfection and hygiene solutions. The company has financed this first post-realignment acquisition from existing liquidity.

"The acquisition is the first milestone on our path of growth and a further step toward strengthening our business in North America," said Matthias Zachert, Chairman of the Board of Management of LANXESS AG. "The successful integration of the new business now has absolute priority so we can quickly benefit from this expansion of our specialty chemicals portfolio."

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