Lanxess AG
TypeAktiengesellschaft (Public)
FWBLXS
MDAX Component
IndustryChemicals
PredecessorBayer Chemicals
FoundedJuly 1, 2004; 17 years ago (2004-07-01)
Headquarters,
Key people
  • Matthias Zachert (CEO and Chairman of the Board of Management)
  • Rolf Stomberg (Chairman of the Supervisory Board)
Productspolymers, intermediates and Specialty chemicals
RevenueDecrease 7.2B (2018)[1]
Increase €464 million (2016)
Increase €192 million (2016)
Number of employees
14,000 -11
Websitelanxess.com

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]

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]

As of May 2017 the largest shareholders were Allianz, BlackRock, and Norway’s sovereign wealth fund, each of which held 6 percent or less of Lanxess.[3]

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

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. ^ a b 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.