Feb 5 2007
Leverkusen chemicals group LANXESS has completed its acquisition of Dow Chemical’s chrome chemicals business in South Africa. The relevant antitrust authorities approved the purchase of the 50% interest in Chrome International South Africa (CISA), Newcastle, by LANXESS, which already owns the other 50% of CISA. The transaction was accomplished with legal and economic effect as of February 1, 2007. CISA will thus be fully consolidated in the financial statements of the LANXESS Group as of that date.
This first-ever acquisition by LANXESS further improves the profitability of the Leather Business Unit’s chrome chemicals activities.