Lanxess

Lanxess AG is a German specialty chemicals company based in Cologne, Germany that was founded in 2004 via the spin-off of the chemicals division and parts of the polymers business from Bayer AG.[2]

Lanxess AG
TypeAktiengesellschaft (Public)
IndustryChemicals
PredecessorBayer Chemicals
FoundedJuly 1, 2004 (2004-07-01)
Headquarters
Cologne
,
Germany
Key people
  • Matthias Zachert (CEO and Chairman of the Board of Management)
  • Rolf Stomberg (Chairman of the Supervisory Board)
Productspolymers, intermediates and Specialty chemicals
Revenue €7.2B (2018)[1]
€464 million (2016)
€192 million (2016)
Number of employees
14,000
Websitelanxess.com

Shares in Lanxess AG were listed in Germany’s DAX from September 24, 2012 to September 21, 2015 and form part of MDAX, a midcap index. The company is listed in the Dow Jones Sustainability Index and FTSE4Good Index.

In 2016, the company began to focus on the market for additives for lubricants and fire retardants by acquiring Chemtura and placing its rubber business into a joint venture with Aramco.[3][4][5]

In February 2020, Lanxess acquired Brazilian biocide manufacturer Itibanyl Produtos Especiais Ltda. (IPEL).[6]

In July 2022, Lanxess completed its acquisition of International Flavors & Fragrances' microbial control unit for US$1.3 billion.[7]

Notes
  1. "Ein führender Spezialchemie-Konzern - LANXESS" (PDF). Archived (PDF) from the original on 2018-01-17. Retrieved 2018-01-17.
  2. Short, Patricia L.; Tullo, Alexander H. (June 22, 2004). "Bayer, Parting Ways". C&EN.
  3. Cullen, Angela (29 May 2017). "Buffett Buys Stake in German Specialty Chemicals Maker Lanxess". Bloomberg News. Archived from the original on 31 May 2017.
  4. Divac, Natascha; Nakrosis, Stephen (26 September 2016). "Lanxess Shares Rise on $2.7 Billion Acquisition of Chemtura". Wall Street Journal. Archived from the original on 6 August 2017.
  5. Kaskey, Jack; Miller, Kevin; Matthews, Sheenagh (September 26, 2016). "Lanxess to buy Chemtura for $2.1 billion". Bloomberg news via Pittsburgh Post-Gazette. Archived from the original on March 30, 2017.
  6. "LANXESS completes acquisition of Brazilian biocide manufacturer IPEL". www.chemeurope.com. Retrieved 2020-02-06.
  7. Hronec, Jordyn (1 July 2022). "Lanxess completes $1.3 billion acquisition". American City Business Journals. Archived from the original on 2 July 2022.
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