Lanxess To Acquire French Disinfection Specialist Theseo Chemical Engineering Page 1

The products are utilized in specific in livestock farming to prevent and control ailments. Subject to completion of the transaction, LANXESS will significantly broaden its range of products for the growth market animal hygiene and will in future additionally be able to offer products for the animal vitamin industry. French specialist in the design, manufacturing and advertising of biosecurity services and products for livestock, theseo whose registered workplace is located in Laval, has forty staff in France. THESEO depends on worldwide subsidiary in Brazil, a minority subsidiary in the UK, in addition to a network of fifty six distributors. Theseo offers an intensive portfolio of disinfection and hygiene merchandise for all areas of pig and poultry.

Through this acquisition, BSN reaffirms its ambition of positioning as a global chief in innovation for sustainable animal manufacturing. THESEO (AVRIL Group) and EWABO, two main players in livestock biosecurity, have introduced their plans to develop an alliance to strengthen their positions within the European marketplace for animal husbandry, creating a model new set of livestock biosecurity leaders. Note that the worldwide distribution networks of THESEO and EWABO will benefit from the complementarities of the new organisation to speed up their growth. Moreover, in view of the regulatory adjustments in the area of biocide products, this alliance presents the ability to help its research capabilities, offering their shoppers with leading edge products and services. LANXESS plans to finance the envisaged acquisition with an enterprise worth of approximately EUR 70 million out of money. In 2020, Theseo is predicted to generate sales of round EUR 33 million and an EBITDA in the mid-single-digit million euro range.

To fulfil its mission, Avril depends on its industrial activities, organised across the plant and animal sectors, as well as its investment business, which it applies by way of Sofiprotéol, its finance and development firm. This new enterprise dedicated to livestock biosecurity will embody, after the combination of Ewabo, one hundred workers, spread over four manufacturing sites in France, Germany, the UK and Brazil. Theseo has about one hundred staff and sites in Laval (France), Wietmarschen (Germany), Hull (UK) and Campinas (Brazil).

With the acquisition, LANXESS is considerably increasing its portfolio of products for the growth market of animal husbandry – now comprising an intensive vary of disinfection and hygiene options. In addition, the specialty chemical substances firm is including merchandise for pest control and for animal diet and welfare to its portfolio. The new businesses will be integrated into the Material Protection Products business unit. Lanxess AG (Cologne, Germany) intends to further increase its Consumer Protection business and has entered into unique negotiations to amass the Theseo group. The French group, headquartered in Laval, is a leading manufacturer of disinfection and hygiene options in Europe and Latin America.

LANXESS is listed in the main sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good. Lanxess is a quantity one specialty chemical compounds firm with registered sales of €6.1 billion in 2020. The firm depends on 14,300 staff in 33 nations and is listed on the Frankfurt Stock Exchange. The core business of Lanxess is the development, manufacturing and advertising of chemical intermediates, additives, specialty chemicals and plastics. German specialist within the design, manufacturing and marketing of Biosecurity services and products for Livestock, EWABO whose headquarters are in Wietmarschen, has forty-five staff in Germany.

Subject to the same old French processes of consultation and regulatory approvals, this must be accomplished in mid-2021, the corporate stated. Prior to the execution of the envisaged transaction, the identical old French employee data and consultation process shall be followed. Backed by Groupe Avril, a diversified French group involved in the oils and proteins sector, Theseo tripled its revenues within 6 years to achieve €33m in 2020. Originally, the company was meant to be a service firm for the drilling trade, its model name EWABO being the abbreviation of the German terms for oil-water-drilling (“”Erdöl-WAsser-BOhren””). •Actual supply time is dependent upon the merchandise ordered and the transport time of the particular merchants.

Strong of a hundred workers based in France, Germany, the United Kingdom and Brazil, Theseo is a high-growth participant in the trade thanks to each natural and exterior development. Today, April 1, 2021, specialty chemicals firm LANXESS accomplished the acquisition of the French Theseo group, a leading producer of animal health and biosecurity solutions. LANXESS and the seller signed a corresponding binding buy settlement on February 9, 2021, and the related antitrust authorities permitted the transaction in mid-March. LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The core business of LANXESS is the development, manufacturing and advertising of chemical intermediates, additives, specialty chemicals and plastics.

LANXESS intends to combine the enterprise into its Material Protection Products business unit, the place it would complement the portfolio of disinfection and hygiene options. Founded in 1983 on the initiative of French agriculture for the future of the oils and proteins sectors, Avril has become a serious monetary and industrial group that’s growing in France and overseas. While THESEO is transferring into one of the most essential European markets of Livestock, Germany, this alliance further strengthens its product offering and innovation within the French market. Founded in 2014 as a spin-off of the animal health laboratory Sogeval (Ceva group), Theseo is a worldwide firm that formulates, manufactures …

Theseo additionally has a well-positioned portfolio in water hygiene as well as animal nutrition. With the continuous drive in the course of antibiotic free meat, these products play an ever-growing function in livestock manufacturing. The acquisition of Theseo, for €70m, will allow Lanxess to broaden its range of products for the animal hygiene market and can, sooner or later, permit the corporate to offer merchandise to the animal diet industry.

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