After a year has passed since TFL acquired the Lanxess organic leather chemicals (OLC) business, the company has crossed US$0.5 billion mark in sales, reports ILM.

This represents almost a doubling of the company’s sales and product ranges and the company now says it has “the critical mass to step up as a significant player in our industry”.

In a statement, the company said: “The two leather chemicals portfolios are proving to be a perfect fit; both regionally and in terms of product portfolio, both businesses are largely complementary.

“The leather technicians are particularly enthusiastic about the merger, as the competencies complement each other so well. We now want to transfer this enthusiasm to our customers.”