LANXESS sells Urethane Systems business to UBE for €460M

LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation for an enterprise value of €460 million, with expected proceeds of around €500 million. The business includes 5 manufacturing sites globally and about 400 employees, generating sales of about €250 million. The transaction is expected to close in the first half of 2025.

“Specialty chemicals company LANXESS today signed a contract to sell its Urethane Systems business to Japanese UBE Corporation.”lanxess.com

• 4 sources
• lanxess.comLANXESS signs contract to sell Urethane Systems business to UBE CorporationSep 30, 2024
• lanxess.comLANXESS unterzeichnet Vertrag zum Verkauf des Urethane Systems Geschäfts an UBE CorporationSep 30, 2024
• polimericanews.comLanxess completes polymer exitCarlo LatorreOct 4, 2024
• adhesivesmag.comMergers/Acquisitions - Articles - Page 11 | Adhesives & Sealants IndustryNov 6, 2024

Summarized from public sources; check the original articles before acting on it.