Lanxess AG (Cologne, Germany) intends to additional expand its Consumer Protection business and has entered into exclusive negotiations to accumulate the Theseo group. The French group, headquartered in Laval, is a number one manufacturer of disinfection and hygiene options in Europe and Latin America. The products are used in explicit in livestock farming to prevent and management ailments. Subject to completion of the transaction, LANXESS will significantly expand its range of products for the expansion market animal hygiene and can in future additionally have the ability to offer merchandise for the animal diet industry. Founded in 2014 as a spin-off of the animal health laboratory Sogeval (Ceva group), Theseo is a world company that formulates, manufactures & markets animal biosecurity merchandise for disinfection functions across all farming processes, with a give attention to pig & poultry. Strong of 100 employees primarily based in France, Germany, the United Kingdom and Brazil, TheSEO is a high-growth player within the trade thanks to both natural and exterior growth.
The acquisition of Theseo, for €70m, will allow Lanxess to expand its vary of merchandise for the animal hygiene market and can, in the future, allow the corporate to offer merchandise to the animal diet industry. Lanxess is a quantity one specialty chemical substances firm with registered gross sales of €6.1 billion in 2020. The firm relies on 14,300 employees in 33 nations and is listed on the Frankfurt Stock Exchange. The core business of Lanxess is the event, manufacturing and marketing of chemical intermediates, components, specialty chemical compounds and plastics. Data had been interpreted utilizing 3D chemical transport models already developed at Cambridge. German specialist within the design, manufacturing and advertising of Biosecurity products and services for Livestock, EWABO whose headquarters are in Wietmarschen, has forty-five employees in Germany.
French specialist within the design, manufacturing and marketing of biosecurity services and products for livestock, THESEO whose registered workplace is positioned in Laval, has forty employees in France. THESEO depends on worldwide subsidiary in Brazil, a minority subsidiary in the UK, as well as a network of 56 distributors. LANXESS is a leading specialty chemical compounds firm with gross sales of EUR 6.1 billion in 2020. The core business of LANXESS is the event, manufacturing and marketing of chemical intermediates, components, specialty chemical compounds and plastics.
Founded in 2014 as a spin-off of the animal well being laboratory Sogeval (Ceva group), Theseo is a worldwide company that formulates, manufactures … Founded in 1983 on the initiative of French agriculture for the future of the oils and proteins sectors, Avril has turn out to be a significant monetary and industrial group that is creating in France and overseas. While THESEO is shifting into one of the most important European markets of Livestock, Germany, this alliance additional strengthens its product providing and innovation in the French market.
LANXESS is listed within the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good. Theseo offers an intensive portfolio of disinfection and hygiene products for all areas of pig and poultry. Theseo additionally has a well-positioned portfolio in water hygiene as properly as animal diet. With the continuous drive towards antibiotic free meat, these merchandise play an ever-growing position in livestock manufacturing.
“We are specializing in worthwhile specialty chemical compounds and here client protection products play an necessary role. Once we complete the planned acquisition of Theseo, we are going to but again expand our high-margin business in this space,” mentioned Matthias Zachert, Chairman of the Board of Management of LANXESS AG. Note that the international distribution networks of THESEO and EWABO will profit from the complementarities of the new organisation to accelerate their improvement. Moreover, in view of the regulatory adjustments within the field of biocide products, this alliance provides the ability to assist its analysis capabilities, offering their shoppers with innovative services and products.