LANXESS intends to combine the enterprise into its Material Protection Products business unit, where it might complement the portfolio of disinfection and hygiene solutions. Founded in 1983 on the initiative of French agriculture for the way forward for the oils and proteins sectors, Avril has become a major financial and industrial group that is growing in France and abroad. While THESEO is moving into one of the most necessary European markets of Livestock, Germany, this alliance further strengthens its product offering and innovation in the French market. Founded in 2014 as a spin-off of the animal health laboratory Sogeval (Ceva group),theseo is a world company that formulates, manufactures …
The products are used in explicit in livestock farming to forestall and control ailments. Subject to completion of the transaction, LANXESS will significantly broaden its range of merchandise for the expansion market animal hygiene and will in future additionally have the flexibility to provide merchandise for the animal vitamin trade. French specialist within the design, manufacturing and advertising of biosecurity services for livestock, THESEO whose registered workplace is positioned in Laval, has forty staff in France. THESEO depends on worldwide subsidiary in Brazil, a minority subsidiary within the UK, as nicely as a network of fifty six distributors. Theseo provides an extensive portfolio of disinfection and hygiene products for all areas of pig and poultry.
To fulfil its mission, Avril relies on its industrial actions, organised across the plant and animal sectors, as well as its funding enterprise, which it applies via Sofiprotéol, its finance and growth firm. This new venture dedicated to livestock biosecurity will embody, after the integration of Ewabo, 100 employees, spread over 4 production websites in France, Germany, the UK and Brazil. Theseo has about one hundred workers and websites in Laval (France), Wietmarschen (Germany), Hull (UK) and Campinas (Brazil).
Within three years following the completion of the planned transaction, LANXESS expects an additional annual EBITDA contribution in the same amount from synergy effects. The envisaged acquisition will already be earnings per share (EPS) accretive within the first fiscal yr after its completion. “We are focusing on worthwhile specialty chemical compounds and here shopper safety merchandise play an essential role. Once we full the planned acquisition of Theseo, we are going to yet once more broaden our high-margin business on this area,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
LANXESS is listed in the main sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good. Lanxess is a leading specialty chemical substances company with registered sales of €6.1 billion in 2020. The company relies on 14,300 employees in 33 nations and is listed on the Frankfurt Stock Exchange. The core business of Lanxess is the event, manufacturing and advertising of chemical intermediates, components, specialty chemical substances and plastics. German specialist in the design, manufacturing and advertising of Biosecurity products and services for Livestock, EWABO whose headquarters are in Wietmarschen, has forty-five employees in Germany.
Theseo additionally has a well-positioned portfolio in water hygiene as nicely as animal vitamin. With the continual drive in the direction of antibiotic free meat, these products play an ever-growing position in livestock production. The acquisition of Theseo, for €70m, will enable Lanxess to increase its vary of products for the animal hygiene market and will, sooner or later, permit the company to offer merchandise to the animal diet trade.
Through this acquisition, BSN reaffirms its ambition of positioning as a world chief in innovation for sustainable animal manufacturing. THESEO (AVRIL Group) and EWABO, two main players in livestock biosecurity, have introduced their plans to develop an alliance to reinforce their positions within the European market for animal husbandry, creating a model new set of livestock biosecurity leaders. Note that the international distribution networks of THESEO and EWABO will benefit from the complementarities of the new organisation to speed up their development. Moreover, in view of the regulatory modifications in the area of biocide merchandise, this alliance presents the ability to help its research capabilities, offering their clients with leading edge services. LANXESS plans to finance the envisaged acquisition with an enterprise worth of roughly EUR 70 million out of money. In 2020, Theseo is predicted to generate sales of round EUR 33 million and an EBITDA within the mid-single-digit million euro vary.