LEVERKUSEN, GERMANY (Oct. 18, 10:10 a.m. ET) — Lanxess AG has bought plasticizer maker Unitex Chemical Corp. of
No purchase price was disclosed in the deal. Privately owned Unitex employs 40 at a plant in
Lanxess — based in
Regulators are requiring that only phthalate-free plasticizers be used in flexible PVC resin for consumer products such as toys, food packaging and cables, officials added.
For Lanxess, buying Unitex “underlines our technology leadership in specialty chemicals and strengthens our relationship with our customers in the
Lanxess and Unitex had competed in some plasticizer markets, Lanxess spokesperson Bridget McCourt said by phone. Lanxess now is looking at possible expansion facilities at the Unitex site in
Unitex owner George Page, who had served as the firm's president, will not remain with the company.
The Lanxess-Unitex deal marks the second time in two months that a specialty chemicals maker has bought a non-phthalate plasticizer firm. In Septemeber, Eastman Chemical Co. purchased Scandiflex do Brasil SA Industrias Quimicas – a plasticizer maker in
Eastman also is expanding its own plasticizer production capacity at its headquarters in
Lanxess also is increasing its plasticizer efforts with biomaterials maker BioAmber Inc. Minneapolis-based BioAmber is building a plant adjacent to a Lanxess facility in