Emerald Kalama Chemical, which manufactures chemicals used in flavors, fragrances, foods, cosmetics and other consumer products, has been sold to a German company for $1.04 billion.
Lanxess, based in Cologne, announced its acquisition of the Kalama-based company on Tuesday. The cash deal adds 470 employees and production plants in Kalama, Rotterdam and Widnes, England to Lanxess’s portfolio.
Emerald Kalama Chemical had global sales of $425 million in 2020, about three-quarters in the consumer care market. The company’s remaining sales were speciality chemicals for industrial applications.