NEWS
Lanxess to pay $1.1bn for Emerald Kalama
Lanxess is to buy Emerald Kalama Chemical from private equity firm American Securities for $1.1bn. The deal is expected to be completed in 2H 2021, subject to securing the necessary regulatory approval. Based at Kalama in
Washington State in the US, Emerald Kalama also has sites in the UK and the Netherlands. It posted sales of $425m last year, around 45% from North America. Around 75% of Emerald
Kalama’s revenues come from consumer-focused markets such as food preservatives, flavours and fragrances, and animal nutrition. However, it also has a strong industrial business and a range of products for the plastics sector, including the K-Flex non-phthalate plasticiser line. “The businesses of
Emerald Kalama Chemical are an ideal fit for us,” said
ADM
invests in Aquapak
Private equity firm ADM Capital Europe has made an undisclosed investment in UK-based Aquapak Polymers. The new funding will be used to further develop Aquapak’s Hydropol water soluble polymer technology. Hydropol is said to be
Part of the Emerald Kalama production facility in the Netherlands
Lanxess Chairman Matthias Zachert. “We will further strengthen our Consumer Protection segment and open up new application areas with strong margins, for example in the food industry and animal health sector. In addition, we will also enlarge our presence in our growth region of North America.” Lanxess said Emerald Kalama’s highly efficient
manufacturing model, which is focused on only three pro- duction sites, will allow it to be rapidly integrated into its own structure. Lanxess said the acquisi- tion will be earnings-per- share accretive in the first fiscal year and it expects an annual EBITDA contribution of €25m within three years from synergy gains. �
www.lanxess.com �
www.emeraldkalama.com
biodegradable and non-toxic while displaying resistance to low tempera- ture solubility and high barrier. Aquapack claims it is up to three times stronger than alternatives and processes easily into films, laminates and moulded parts. It can also be recycled, composted and is compatible with anaerobic digestion. Current applications include organic waste disposal bags and laundry bags for infection control. Aquapak is also develop- ing it for food packaging, and as a non-woven fibre. �
www.aquapakpolymers.com
EMS sales down in 2020; outlook improving
Swiss specialty chemicals and engineering plastics group EMS saw net sales fall by 16.3% to CHF1.8bn (€1.6bn) last year. Organic sales were down by 11.0%, with the shortfall attributed to the disposal of the EMS-Patvag airbag activator subsidiary in November and the strong Swiss franc. The company said the impact of Covid-19 saw net sales fall to historically low levels in the first half of 2020, particularly in the automotive sector. However, they recovered in Q3, reaching pre-crisis levels in China, and were above Q4 2019 levels globally in Q4. EBITDA for the year was down by 15.9% to CHF569m (€514m) but margin (31%) held at 2019 levels. EMS is active in High-Performance Polymers and Speciality Chemicals.
EMS focuses on specialty polymers such as Grilamid TR
www.compoundingworld.com
Polymers, including the EMS-Grivory business, is the larger sector. The company it said it expects to achieve higher net sales and higher EBIT in 2021 than 2020. �
www.ems-group.com
March 2021 | COMPOUNDING WORLD 5
IMAGE: EMS-GROUP
IMAGE: EMERALD KALAMA
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