UBE Industries (JP:4208) has released an update.
UBE Corporation has announced its decision to acquire LANXESS Urethane Systems Business, aiming to expand its specialty chemicals sector and enhance its global environmental contributions. The acquisition will include all shares of the entities within the LANXESS group that are involved in the Urethane Systems Business, significantly boosting UBE’s capabilities in high-performance polyurethane resin operations. The deal encompasses nine direct subsidiaries and two indirectly held subsidiaries, with the targeted business currently generating EUR 265 million in net sales and EUR 50 million in EBITDA.
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