# LANXESS completes acquisition of Chemtura for €2.4B

Specialty chemicals company LANXESS completed the acquisition of US company Chemtura for an enterprise value of €2.4 billion, expanding its additives portfolio and making LANXESS one of the world's leading players in this field.

- Type: Acquisition
- Announced: 2017-04-01
- Where: Philadelphia, Pennsylvania, United States
- Value: $2.56B (2.40B EUR)
- Jobs: 2,500
- Status: completed
- Products: flame retardant additives, lubricant additives, urethanes, organometallics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LANXESS](https://endata.com/companies/15514.md) (acquirer)
- [Chemtura Corp.](https://endata.com/companies/21892.md) (target)

## Sources

- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2017/04/lanxess-successfully-completes-acquisition-of-chemtura), 2017-04-01: "Specialty chemicals company LANXESS has successfully completed the acquisition of US company Chemtura, one of the world's leading suppliers of flame retardant and lubricant additives."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/lanxess-successfully-completes-acquisition-of-chemtura/), 2017-04-21: "Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the world’s leading suppliers of flame retardant and lubricant additives, earlier than originally expected effective April 21, 2017."
- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/lanxess-completes-acquisition-of-chemtura-earlier-than-expected/), 2017-04-25: "The acquisition is another major step in our realignment process and a significant milestone in our course of growth."
- [everchem.com](https://everchem.com/lanxess-creates-urethanes-unit/), 2017-05-01: "This acquisition is another major step in our realignment process."
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=32), 2017-05-08: "Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the world’s leading suppliers of flame retardant and lubricant additives, effective April 21, 2017."
- [freedoniagroup.com](https://www.freedoniagroup.com/blog/4-acquisitions-impacting-the-global-water-treatment-chemicals-market), 2017-06-29: "LANXESS bought the Philadelphia-based specialty chemicals and polymers producer in an effort to diversify away from its core synthetic rubber business"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.