LANXESS acquires PCTS
LANXESS is strengthening its product portfolio for biocides to serve the urbanization. The German specialty chemicals group has acquired Singapore-based PCTS Specialty Chemicals Pte. Ltd. for an undisclosed amount. The transaction closes with immediate effect.
Through the acquisition, LANXESS will gain access to a complementary portfolio of biocides and will benefit from PCTS’ highly-recognized product expertise and know-how in paints and coatings.
PCTS specializes in biocides for water-based paints. Biocides prevent the deterioration and discoloring of the paints caused by microorganisms.
PCTS employs about 20 people at modern production and laboratory facilities close to LANXESS Singapore headquarters. PCTS recorded sales in the single-digit million euro range in 2012, with 60 percent of it being generated in China. The company was majority owned by NIPSEA Technologies Pte Ltd.
PCTS will be integrated into the LANXESS business unit Material Protection Products (MPP), which belongs to the company’s Performance Chemicals segment. The PCTS facility will also become the new Asia-Pacific headquarters of MPP.
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