Lanxess buys biocides business in US
German-based specialty chemicals company, Lanxess, has acquired biocide maker Verichem to expand its biocide manufacturing platform in the US.
Verichem will now be incorporated into the Lanxess Material Protection Products (MPP) business unit.
MPP is a manufacturer of phenolic active ingredients for disinfection and also provides stabilising agents for beverages.
Biocides are used to protect coatings, adhesives, construction materials, as well as pulp and paper from microorganisms.
Financial terms of the deal have not been disclosed.