Printer Friendly

Lanxess Completes Acquisition of Gwalior, Jiangsu.

India, March 2 -- German speciality chemicals group Lanxess has successfully

completed the acquisitions of the chemical businesses and production assets belonging to Gwalior Chemical Industries and China-based Jiangsu Polyols Chemical, respectively.

The transactions have received the necessary approvals from the anti-trust authorities and Gwalior shareholders. Both transactions have taken economic and legal effect at the start of September.

Lanxess is paying EUR 82.4 million, including debt, for the assets of Gwalior, while the acquisition price for Jiangsu Polyols has not been disclosed.

Published by HT Digital Content Services with permission from The Industry 2.0.

Copyright [c] HT Media Ltd. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Industry 2.0
Geographic Code:9CHIN
Date:Mar 2, 2017
Words:108
Previous Article:5 Steps for Manufacturing Success.
Next Article:Top 10 Leading Supply Chains In Asia Pacific.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters