# Lanxess and Advent International launch Envalior joint venture

Lanxess and Advent International launched their 40:60 joint venture Envalior for high-performance engineering plastics, with annual sales of nearly €4 billion and 4,000 employees. Lanxess received €1.3 billion from Advent.

- Type: Acquisition
- Announced: 2023-04-04
- Where: near Düsseldorf, Germany, Germany
- Value: $1.41B (1.30B EUR)
- Jobs: 4,000
- Status: completed
- Products: high-performance engineering plastics including polyamide, polybutylene terephthalate, polyester, and polyphenylene sulphide
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Envalior](https://endata.com/companies/15388.md)
- [Advent International](https://endata.com/companies/430.md) (partner)
- [LANXESS](https://endata.com/companies/15514.md) (partner)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/lanxess-advent-plastics-jv-launched-as-envalior), 2023-04-04: "The new player based near Düsseldorf, Germany, and headed by former Ineos manager Calum MacLean as CEO, has annual sales of close to €4 billion and 4,000 employees."

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