Pittsburgh Post-Gazette

Lanxess completes deal for Chemtura at $2.1 billion


Specialty chemicals maker Laxness said it closed on its $2.1 billion cash purchase of Chemtura, which produces flame retardants and lubricant additives. Germanybas­ed Lanxess, which has North American headquarte­rs in Findlay, said the $2.1 billion deal is the largest acquisitio­n in its history. Philadelph­ia-based Chemtura has annual sales of about $1.6 billion and 2,500 employees.

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