Specialty chemicals company LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation. The Urethane Systems business comprises 5 manufacturing sites globally as well as application laboratories in the USA, Europe and China. UBE Corporation will take over all operations from LANXESS with a total of around 400 employees.
The transaction is still subject to the approval of the relevant authorities. LANXESS expects the transaction to close in the first half of 2025.
Hengeler Mueller has comprehensively advised LANXESS on the transaction and is coordinating it worldwide.
Hengeler Mueller team for LANXESS
M&A/Corporate: Martin Ulbrich, Thomas Meurer (both lead), Carsten Schapmann (all partners), Okan Isikay, Christian Wienke, Shunta Masuno (all senior associates), Van Nguyen, Oleg Goldschmidt, Julia Redbrake (all associates, all Düsseldorf),
IP/IT: Matthias Rothkopf, Andrea Schlaffge (both counsel), Kira Fritsche, Johannes Jäkle (both associates, both Düsseldorf),
Tax: Gunther Wagner (partner), Isabella Zimmerl (senior associate, both München),
Employment: Hendrik Bockenheimer (partner), Dr. Andreas Kaletsch (Senior Associate, beide Frankfurt),
Antitrust: Markus Röhrig (partner), Christoph M. Sielmann (associate, both Brussels)
FDI: Jan Schülting (senior associate, Düsseldorf).