LANXESS completed the sale of its Urethane Systems business to Japan’s UBE Corporation on April 1, 2025, for ~$549.45 million.
The deal, announced in October 2024, received all antitrust approvals.
LANXESS will use the proceeds to redeem a $549.45 million bond maturing in May 2025, reducing its leverage ratio to ~3x.
CEO Matthias Zachert called it a key step in portfolio transformation.