# LANXESS completes sale of Urethane Systems business to UBE Corp.

LANXESS completed the sale of its Urethane Systems business to Japanese UBE Corp. on April 1, 2025, for an enterprise value of €460 million (approx. $504 million). Gross cash proceeds were approximately €500 million.

- Type: Acquisition
- Announced: 2025-04-06
- Value: $504.0M (460.0M EUR)
- Status: completed
- Products: urethane systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/101668-lanxess-completes-sale-of-urethane-systems-business-to-ube-corp), 2025-04-06: "With this sale, we conclude our portfolio transformation and at the same time achieve a substantial further reduction of net financial debt."

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