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Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the worlds leading suppliers of flame retardant and lubricant additives, earlier than originally expected effective April 21, 2017. All required regulatory authorities have cleared the transaction. Already in February 2017, Chemturas shareholders voted to approve the acquisition. With a total enterprise value of EUR 2.4 billion, Chemtura is the largest acquisition in the history of LANXESS. The acquisition significantly expands the companys additives portfolio and makes LANXESS one of the worlds leading players in this growth field, which is one of the most attractive in the specialty chemicals industry. In addition to additives, Chemturas urethanes and organometallics businesses will be integrated into the LANXESS portfolio. The Cologne-based specialty chemicals company will absorb some 2,500 Chemtura employees at 20 sites in 11 countries worldwide.
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