Specialty chemicals company Lanxess strengthens its position as a global manufacturer of active biocidal ingredients and formulations with the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL). The family-run company with headquarters in Jarinu, São Paulo, is reportedly one of Brazil’s leading biocide manufacturers and generated sales in the lower double-digit million euro range in 2018. The companies have agreed not to disclose the purchase price. The transaction is still subject to the approval of the responsible antitrust authorities and is expected to be completed in the first quarter of 2020.
With the acquisition of IPEL in Brazil, the Lanxess Material Protection Products business unit is now in a position to serve its South American customers from a local production facility, according to the company. The business unit was previously represented through production facilities in Europe, the U.S. and Asia.
In addition to around 100 employees and the production facility, Lanxess is also taking over the Brazilian company’s laboratory facilities. With the acquisition, the specialty chemical company will also gain access to strategic intermediate products.
IPEL generates the majority of its sales with biocides and specialty chemicals for the paint and coating industry. The product portfolio also includes preservatives and fungicides for process control in water treatment as well as active ingredients for disinfection and cleaning agents.
For more information, visit: www.lanxess.com
