Lanxess Acquires Verichem of Pittsburgh, Pennsylvania
Nov. 10, 2011 - Lanxess said that it has acquired Verichem Inc. based in Pittsburgh, Pennsylvania (USA).
Both parties have agreed not to disclose financial details of the deal.
Lanxess will gain access to a complementary portfolio of biocides, as well as active ingredients registered with the U.S. Environmental Protection Agency (EPA). They are used to protect coatings, adhesives, construction materials, as well as pulp and paper. The biocides prevent the deterioration and discoloring of materials caused by microorganisms, Lanxess said.
Verichem is a privately owned company currently employing around 20 people. It recorded sales of roughly USD 10 million in 2010. Verichem's production site is located close to Lanxess’ U.S. headquarters in Pittsburgh.
Lanxess said the transaction will close with immediate effect, and Verichem will be integrated into the Lanxess' business unit Material Protection Products (MPP).