LANXESS complete Dow acquisition
9 February 2007
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.