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Specialty chemicals company LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL), a Brazilian biocide manufacturer based in Jarinu, São Paulo. The acquisition strengthens LANXESS's position in antimicrobial active ingredients and formulations.
LANXESS acquired Itibanyl Produtos Especiais Ltda. (IPEL), a biocide manufacturer in Jarinu, São Paulo, Brazil. The purchase price was not disclosed. The transaction is expected to close in Q1 2020.