Industry News

Lonza Completes Sale of its Performance Urethanes & Organics Business to Monument Chemical

Published on 2013-01-02. Author : SpecialChem

Basel, Switzerland, and Indianapolis, IN (USA) -- Lonza Group and Monument Chemical announced the completion of the sale of Lonza Group's Performance Urethanes and Organics business located in Brandenburg, KY (USA). The transaction was announced in November 2012. Financial terms are not being disclosed. This sale enables Lonza to focus on more core activities and helps fulfill a strategic growth area for Monument Chemical.

As part of the Arch Chemicals Inc. acquisition in October, 2011 Lonza considered the divestiture of certain Arch business and assets. A formal divestiture process for Brandenburg was initiated in July of 2012. The Arch Performance Urethanes and Organics Business has been a leading supplier of specialty urethane and organic chemicals for over 40 years, developing and manufacturing products used in applications including products for coatings, adhesives, sealants and elastomers ("CASE"), flexible and rigid foams, coolants and solvents. The business also supplies polyols, glycols and glycol ethers for such industrial applications as coolants, solvents and food additives.

About Lonza

Lonza is one of the world's leading suppliers to the pharmaceutical, healthcare and life science industries. Products and services span its customers' needs from research to final product manufacture. It is the global leader in the production and support of active pharmaceutical ingredients both chemically as well as biotechnologically. Biopharmaceuticals are one of the key growth drivers of the pharmaceutical and biotechnology industries. Lonza has strong capabilities in large and small molecules, peptides, amino acids and niche bioproducts which play an important role in the development of novel medicines and healthcare products. Lonza is also the world leader in microbial control providing innovative, chemistry-based and related solutions to destroy or to selectively inhibit the growth of harmful microorganisms. Its activities encompass the areas of water treatment, personal care, health and hygiene, industrial preservation, materials protection, and wood treatment. In addition, Lonza is a leader in cell-based research, endotoxin detection and cell therapy manufacturing. Furthermore, the company is a leading provider of value chemical and biotech ingredients to the nutrition and agro markets. Lonza is headquartered in Basel, Switzerland and is listed on the SIX Swiss Exchange and secondary listed on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Lonza is not subject to the SGX-ST's continuing listing requirements. Lonza is subject to the listing rules of the SIX Swiss Exchange, which do not have specific requirements equivalent to the listing rules of the SGX-ST in respect of interested person transactions, acquisition and realizations, and delisting. In 2011, the company had sales of CHF 2.69 billion.

About Monument Chemical

Monument Chemical is a privately held business, headquartered in Indianapolis, IN. Monument Chemical, manufactures and markets lines of solvents and specialty products to the global chemical industry. Monument Chemical also has a long history providing contract chemical manufacturing in distillation and reaction technologies, serving customers in a wide range of fine and specialty chemical areas. Monument Chemical was founded in 2008 with the acquisition of the Johann Haltermann facility in Houston, TX. In 2010, Monument expanded its global footprint into Europe with the acquisition of a facility in Antwerp, Belgium and in 2012 further expanded its US presence with the acquisition of Advanced Aromatics in Baytown, Texas.

Sources: Lonza

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