LANXESS, a global specialty chemicals company, has officially closed the sale of its Urethane Systems business to Japan’s UBE Corporation as of April 1, 2025. UBE, a Tokyo Stock Exchange-listed company, is known for its wide range of chemical products.
The deal, initially announced in October 2024, received all necessary regulatory approvals. LANXESS will receive gross cash proceeds of about €500 million, while the transaction’s enterprise value is €460 million.
The company plans to use the proceeds to repay a €500 million bond maturing in May 2025, aiming to lower its leverage ratio to approximately 3x.
“This marks the final step in our portfolio transformation while significantly reducing our net financial debt,” said Matthias Zachert, Chairman of the Board of Management at LANXESS AG.
