Lanxess’ poor profitability risks takeover, warns CEO
By Laura Syrett
Published: Monday, 18 August 2014
The German chemical maker’s margins have shrunk as a result of tough conditions in its synthetic rubber business, making it particularly vulnerable at a time of aggressive acquisitions by US companies.
The head of Germany-based Lanxess has said that the company
could leave itself open as a takeover target if it fails to
rapidly reverse flagging profits for its core speciality
chemicals business. In an interview with the Financial Times
(FT), Matthias Zachert, who took over as Lanxess’ CEO in
April...