Tag: UBE

LANXESS Completes Sale of Urethane Systems Business to UBE Corp.

Specialty chemicals company LANXESS announced that it has completed the sale of its Urethane Systems business to Japanese UBE Corp. The sale was completed on April 1, 2025. UBE is a global manufacturer of chemical products and listed at the Tokyo Stock Exchange. LANXESS reports that all relevant antitrust authorities had granted the necessary approvals […]

LANXESS to Sell Urethane Systems Business to UBE Corp.

Specialty chemicals company LANXESS recently signed a contract to sell its Urethane Systems business to Japanese UBE Corp. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction LANXESS exits the last remaining polymer business. The transaction remains subject to the approval of the relevant authorities. LANXESS expects […]