Egeria to acquire LANXESS Textile Processing Chemicals business
10 Nov '06
2 min read
Egeria and TPC management are jointly taking over the related production facilities, along with the related patents, customer and supplier agreements, employees and the related pension commitments.
The business will, after completion of the transaction, be renamed into Tanatex Chemicals BV.
The TPC business unit employs some 380 people worldwide and has sales of EUR 150 million. LANXESS had announced the closure of the U.S. site at Wellford, South Carolina, as part of its second restructuring package.
However, an evaluation of the future perspectives for the business unit textile processing chemicals has revealed other possible options for the activities in North America.
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