Lanxess to acquire Solvay phosphorus unit

Abstract

Lanxess has agreed to purchase Solvay’s U.S. phosphorus chemicals business. The main asset involved is a plant in Charleston, S.C., that employs 90 people and makes phosphorus chloride as well as derivatives such as agrochemical intermediates and flame retardants. Annual sales are about $75 million. Lanxess purchased a major flame retardants maker, Chemtura, in April.