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Article: Lanxess AG.(COMPANY NEWS)(Gwalior Chemical Industries Ltd.)(Jiangsu Polyols Chemical Co. Ltd.)(Brief article)

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Adhesives & Sealants Industry
Article date:
September 1, 2009
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Specialty chemicals group LANXESS AG, Leverkusen, Germany, has announced two acquisitions in Asia. LANXESS subsidiary LANXESS India Private Ltd. will acquire the chemical businesses and assets of Indian company Gwalior Chemical Industries Ltd. for 182.4 [euro] million, including debt. The transaction is subject to formal approval by Gwalior's shareholders and clearance by the relevant antitrust authorities. Closing is expected at the end of the third quarter of 2009. LANXESS will also acquire the business and production assets of Chinese-based Jiangsu ...

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