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Lanxess is strengthening its product portfolio for biocides to serve the megatrend urbanisation. The German speciality chemicals group has acquired Singapore-based PCTS Specialty Chemicals Pte Ltd for an undisclosed amount. PCTS specialises in biocides for environmentally friendly water-based paints and employs about 20 people at modern production and laboratory facilities close to Lanxess’ Singapore headquarters. PCTS recorded sales in the single-digit €M range in 2012, with 60% of it being generated in China.
The company was majority owned by NIPSEA Technologies Pte Ltd.
