Specialty chemicals firm LANXESS intends to further increase its Consumer Protection business and has entered into unique negotiations to acquire the theseo group. The French group, headquartered in Laval, is a leading producer of disinfection and hygiene options in Europe and Latin America. The products are used in explicit in livestock farming to forestall and control illnesses. Subject to completion of the transaction, LANXESS will considerably broaden its vary of merchandise for the growth market animal hygiene and can in future additionally have the ability to offer merchandise for the animal vitamin trade. With the acquisition, Lanxess is significantly expanding its portfolio of merchandise for animal husbandry’s growth market – now comprising an extensive vary of disinfection and hygiene options. In addition, the specialty chemical compounds company is adding products for pest management and animal vitamin and welfare to its portfolio.
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The firm relies on 14,300 employees in 33 international locations and is listed on the Frankfurt Stock Exchange. The core enterprise of Lanxess is the event, manufacturing and advertising of chemical intermediates, additives, specialty chemical substances and plastics. Lanxess has entered into exclusive negotiations to amass the Theseo Group. Subject to the usual French processes of session and regulatory approvals, this ought to be accomplished in mid-2021, the company mentioned. Theseo is an animal hygiene firm that develops individually tailor-made hygiene concepts to satisfy necessities and supports shoppers in implementing the mandatory measures.
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