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Lanxess agreed to sell its organic leather chemicals business to TFL Ledertechnik GmbH for a fixed €80 million plus an earn-out of up to €115 million. The transaction includes about 460 employees and production sites in Leverkusen, Filago, and Changzhou, and is expected to close around mid-2021.
SUEZ signed an agreement to purchase the Reverse Osmosis membrane portfolio from LANXESS, including the production facility in Bitterfeld, Germany. The deal is expected to close in the coming months.
Lanxess is selling its organic leather chemicals business to TFL Ledertechnik GmbH.