The French Theseo group, a top producer of animal health and biosecurity products, was acquired by the specialty chemicals business LANXESS. On February 9, 2021, LANXESS and the seller agreed to a binding acquisition agreement, and in the middle of March, the necessary antitrust authorities the deal.
Leading manufacturer of specialized chemicals Perstorp intends to start producing carboxylic acids in 2024 with an additional capacity of roughly 70,000 tonnes/year. With the investment, Perstorp will be able to dramatically boost output while also solidifying its position as a source of sustainable solutions. In high-value applications such as non-phthalate plasticizers for PVC, engineered fluids for uses like refrigeration lubricants, various propionates used in food preservation, and carboxylic acids used in animal feed gut health and preservation products, capacity will be increased to keep up with growing demand. The majority of the output will be utilized in downstream production run by Perstorp.
Author Credits: Smruti Ranjan, Rajrani Baghel