Lanxess: Sale of organic leather chemicals business completed
Lanxess announced that it has completed the sale of its organic leather chemicals business to TFL Ledertechnik GmbH on 1 June 2021. TFL is a global supplier of leather chemicals and a portfolio company of US investment firm Black Diamond Capital Management, L.L.C. All relevant antitrust authorities have granted the necessary approvals for the transaction, which was announced in August 2020.