LANXESS makes first acquisition in India

The subsidiary of LANXESS AG, LANXESS India Private Ltd., will acquire the chemical businesses and assets of stock-market-listed Indian company Gwalior Chemical Industries Ltd. for EUR 82.4 million, including debt. "This is our first acquisition in India and a further milestone in our company's long-term growth strategy in BRIC countries," said Axel C. Heitmann, Chairman of LANXESS's Board of Management. "Gwalior's business complements the portfolio of the Basic Chemicals business unit and will strengthen our production base in the exciting Indian market." Founded in 1978, Gwalior's headquarter is based in Mumbai. It is one of the largest Indian producers of benzyl products and one of the leading global producers of sulphur chlorides for the agrochemicals, pharmaceutical as well as flavor & fragrance industries. www.lanxess.comNike Zoom Kobe Shoes