Lanxess completes sale of its Urethane Systems business to UBE Corporation

Specialty chemicals company Lanxess has completed the sale of its Urethane Systems business to Japanese UBE Corporation on 1 April 2025. The transaction had been announced in early October 2024. UBE is a global manufacturer of chemical products and listed at the Tokyo Stock Exchange.

With completion of this transaction, Lanxess has received gross cash proceeds of approximately 500 million euros. The enterprise value amounts to 460 million euros. The company intends to use the proceeds to redeem its 500 million euros benchmark bond which matures in May 2025.

“With this sale, we conclude our portfolio transformation and at the same time achieve a substantial further reduction of net financial debt”, said Matthias Zachert, Chairman of the Board of Management of Lanxess.