Mumbai, April 3, 2025 – LANXESS, a leading global specialty chemicals company, has successfully completed the sale of its Urethane Systems business to Japan-based UBE Corporation, effective April 1, 2025.
UBE Corporation, a publicly listed global chemical manufacturer headquartered in Japan, acquired the business following regulatory approvals from all relevant antitrust authorities. The transaction was initially announced in October 2024.
LANXESS received approximately €500 million in gross cash proceeds, with the enterprise value of the transaction placed at €460 million. The company plans to use these proceeds to redeem its €500 million bond, maturing in May 2025—thereby reducing its leverage ratio (net financial debt to EBITDA pre) to around
“With this sale, we conclude our portfolio transformation and simultaneously achieve a significant reduction in our net financial debt,” said Matthias Zachert, Chairman of the Board of Management, LANXESS AG.
LANXESS continues to focus on its core businesses—chemical intermediates, additives, and consumer protection products. In 2023, the company reported sales of EUR 6.7 billion and currently employs approximately 12,600 people across 32 countries. LANXESS is listed on leading sustainability indices including the Dow Jones Sustainability Index (DJSI World and Europe).