LANXESS have completed their acquisition of Dow Chemical’s chrome chemicals business in South Africa with effect February 1, 2007. The relevant antitrust authorities approved the purchase of the 50% interest in Chrome International South Africa (CISA), Newcastle, by LANXESS, which already owns the other 50% of CISA. CISA will thus be fully consolidated in the financial statements of the LANXESS Group as of that date.This first-ever acquisition by LANXESS further improves the profitability of the Leather Business Unit’s chrome chemicals activities.
