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On 1 April 2021, specialty chemical substances firm Lanxess accomplished the French TheSEO group’s acquisition, a leading producer of animal health and biosecurity options. Lanxess and the vendor signed a corresponding binding purchase agreement on 9 February 2021, and the relevant antitrust authorities permitted the transaction in mid-March. Today, April 1, 2021, specialty chemical compounds firm LANXESS completed the acquisition of the French Theseo group, a number one manufacturer of animal well being and biosecurity options. LANXESS and the vendor signed a corresponding binding purchase agreement on February 9, 2021, and the related antitrust authorities approved the transaction in mid-March. Strong of a hundred employees based in France, Germany, the United Kingdom and Brazil, Theseo is a high-growth player in the business due to each organic and external development.
Theseo additionally has a well-positioned portfolio in water hygiene as properly as animal vitamin. With the continuous drive towards antibiotic free meat, these products play an ever-growing role in livestock production. Lanxess is a leading specialty chemical substances firm with registered gross sales of €6.1 billion in 2020. The firm depends on 14,300 staff in 33 international locations and is listed on the Frankfurt Stock Exchange.
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Once we full the deliberate acquisition of Theseo, we are going to but once more expand our high-margin business in this space,” stated Matthias Zachert, Chairman of the Board of Management of LANXESS AG. LANXESS intends to additional increase its Consumer Protection business and has entered into exclusive negotiations to accumulate the Theseo group. Theseo presents an intensive portfolio of disinfection and hygiene products for all areas of pig and poultry. Herein, LANXESS sees robust progress prospects because of rising biosecurity requirements.
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