LANXESS Completes Sale of Urethane Business to UBE Corporation

08 Apr 2025 CW Team

LANXESS, a global speciality chemicals company, has completed the sale of its Urethane Systems business to Japan-based UBE Corporation. The deal, finalised on April 1, 2025, follows regulatory approval from all relevant antitrust authorities. UBE is a prominent chemical manufacturer listed on the Tokyo Stock Exchange.

The transaction was first announced in October 2024. Following its completion, LANXESS received gross cash proceeds of around €500 million, while the enterprise value of the deal stands at €460 million.

LANXESS plans to use the proceeds to redeem its €500 million benchmark bond due for maturity in May 2025. This will contribute to lowering its leverage ratio (net financial debt to EBITDA pre) to approximately 3x, in line with the company’s broader financial strategy.

The sale marks the final step in LANXESS’s portfolio transformation, allowing the company to streamline operations and further reduce its debt.

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