12.11.2019 • NewsAir LiquideElaine BurridgeSchülke & Mayr

Air Liquide Selling Schülke Unit

Air Liquide Selling Schülke Unit (c) Schülke
Air Liquide Selling Schülke Unit (c) Schülke

French industrial gases group Air Liquide has put its German division Schülke up for sale, in a deal that could be worth up to €1 billion, sources close to the matter told Reuters news agency.

Air Liquide, which is seeking to streamline its operations and divest non-core assets, is reported to have appointed JP Morgan to find a buyer for the unit, which makes disinfectants, antiseptics, preservatives, biocides and medical skincare products and has annual sales of €335 million.

The Paris-based company acquired Schülke from Reckitt & Colman’s German subsidiary Schülke & Mayr in August 1996.

Reuters added that the Schülke sale has come at the same time as American Securities has put Emerald Performance Materials on the block. The two companies broadly operate in the same market.

Emerald, which American Securities acquired in 2014 from investor Sun Capital, comprises two divisions – Kalama Chemical that specializes in preservatives and aroma chemicals among other specialties, and CVC Thermoset Specialties that supplies specialty products including epoxy resins, modifiers and curing agents, for high-performance thermoset systems.

Sun Capital created Emerald in 2006 when it bought Lubrizol’s food ingredients and industrial specialties businesses for $270 million.

Neither Air Liquide nor American Securities has commented on the reports.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.

Photo
19.03.2025 • News

Arkema Launches Acrylic Acid Purification Project

Arkema has announced the launch of its Carat Project at its Carling site in France. This initiative aims to enhance the capabilities and sustainability of the facility, which specializes in producing acrylic monomers and superabsorbent polymers.

Photo
13.03.2025 • News

Roche and Zealand Pharma Collaborate on Weight Management Drug

Swiss pharma heavyweight Roche announced has entered into an exclusive collaboration and licensing agreement with Denmark’s Zealand Pharma. Under the terms of this agreement, the two companies will collaborate to co-develop and co-commercialize petrelintide, Zealand Pharma’s amylin analog as a standalone therapy as well as a fixed-dose combination with Roche’s lead incretin asset CT-388.