Lanxess* has announced the acquisition of Emerald Kalama Chemical. Lanxess signed a purchase agreement on February 14, 2021. All required regulatory approvals have been received. Lanxess financed the purchase price of around $1.04 billion from liquid funds.
This marks Lanxess’ second-largest acquisition, making it one of the leading providers of products for flavors and fragrances for the consumer sector. Products such as aldehydes and benzoates are distinguished by their premium quality, safety and flavor profiles.
The main areas of application for the flavorings and fragrances are personal care products, cosmetics and exclusive fragrances, as well as food and drinks. The products in the new Lanxess portfolio encompass over 30 aroma chemicals, providing a range of earthy, floral, fruity, spicy and herbal notes.
Lanxess is incorporating the flavorings and fragrances business into the newly established Flavors & Fragrances business unit led by Holger Hueppeler. The new business unit will also comprise benzyl alcohol business. The product is used as an ultra-pure preservative for injection solutions and cosmetics and as a synthetic chemical. Other areas of application include the production of fragrances and flavorings and agricultural chemicals.
The acquisition of Emerald Kalama also enables LANXESS to significantly expand its portfolio of preservatives. Key products for the food industry include sodium and potassium benzoate under the Kalama, Purox and Kalaguard brands.
Hueppeler said, “We at Lanxess have decades of experience in technology and production to reliably supply our customers with synthetic chemicals and deliver consistently high-quality ingredients that formulators of flavorings and fragrances can rely on.”