Solvay sells phosphorus chemicals business to Lanxess
Frankfurt / New York- Lincoln International, one of the leading international M&A advisory firms for mid-sized transactions, is pleased to announce that the Belgian specialty chemicals group Solvay SA (“Solvay”) has successfully sold its phosphorus chemicals business, including its US production site in Charleston/South Carolina, to the specialty chemicals group Lanxess AG.
Lincoln International was the exclusive M&A advisor on the sell side and supported Solvay throughout the acquisition process including process management, valuation, due diligence and negotiations. Lincoln has thus completed its 15th “chemicals” transaction in the last 12 months.
Solvay is an international chemical group whose versatile specialties help solve societal challenges. In close partnership with customers worldwide, the Group develops innovations for a wide range of applications, for example in aircraft, automobiles, mobile devices and medical technology, in batteries or in the extraction of minerals and oil. Solvay contributes to sustainability — with lightweight materials for cleaner mobility, with formulations that optimize resource consumption, and with high-performance chemicals that improve air and water quality. The Solvay Group, headquartered in Brussels, employs around 27,000 people in 58 countries and generated sales of 10.9 billion euros in 2016, 90 percent of which came from business activities in which the Group ranks among the top 3 worldwide. More information can be found at www.solvay.com.