# 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.

- Type: Acquisition
- Announced: 2024-09-30
- Where: Germany
- Value: $506.0M (460.0M EUR)
- Jobs: 400
- Status: announced
- Products: urethane systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LANXESS](https://endata.com/companies/15514.md)
- [LANXESS](https://endata.com/companies/15514.md) (partner)
- [LANXESS](https://endata.com/companies/15514.md) (target)
- [UBE Corporation](https://endata.com/companies/43908.md) (acquirer)

## Sources

- [lanxess.com](https://lanxess.com/en/investors/news-and-events/news/2024/09/30/08/12/ir-news-ure-sale-to-ube), 2024-09-30: "Specialty chemicals company LANXESS today signed a contract to sell its Urethane Systems business to Japanese UBE Corporation."
- [lanxess.com](https://lanxess.com/de-de/investoren/neuigkeiten-und-events/neuigkeiten/2024/09/30/08/12/ir-news-ure-verkauf-an-ube), 2024-09-30: "Der Verkauf von Urethane Systems ist ein weiterer Meilenstein unserer zügigen Transformation hin zu einem reinen Spezialchemie-Unternehmen."
- [polimericanews.com](https://www.polimericanews.com/articolo.asp?id=68), 2024-10-04: "The sale of Urethane Systems marks another milestone in our fast transformation into a pure-play specialty chemicals company."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=11), 2024-11-06: "Specialty chemicals company LANXESS recently signed a contract to sell its Urethane Systems business to Japanese UBE Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.