LANXESS to acquire IFF’s microbial control business

by Shrutee K · LANXESS to become one of the world's largest suppliers of microbial control products · Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection · Acquisition with approximately USD 450 million* in sales and around USD 100 million* in EBITDA · Attractive synergies: additional EBITDA contribution of around USD 35 million within four years · Purchase price of around USD 1.3 billion · Closing of transaction expected in Q2 2022 · Consumer Protection to become the Group’s strongest segment Cologne, August, 2021 – LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Control is one of the leading s