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| Company type | Aktiengesellschaft (Public) |
|---|---|
| Industry | Chemicals |
| Predecessor | Bayer Chemicals |
| Founded | 1 July 2004; 21 years ago (2004-07-01) |
| Headquarters | , |
Key people |
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| Products | polymers,intermediates andSpecialty chemicals |
| Revenue |  €7.2B (2018)[1] |
 €464 million (2016) | |
| €192 million (2016) | |
Number of employees | 14,000 |
| Website | lanxess |
Lanxess AG is a Germanspecialty chemicals company based inCologne,Germany. It was founded in 2004 afterBayer AG spun off its chemicals division and parts of its polymers business.[2]
The company's roots trace back to 1863, with the founding ofBayer AG. In November 2003, as part of a major restructuring, the Bayer Group decided to spin off a significant portion of its chemical activities, along with approximately one-third of its polymer business, into an independent entity.[3]
Lanxess internally established its new structure on 1 July 2004. In November 2004, at an Extraordinary General Meeting of Bayer AG inEssen, over 99 percent of the capital present voted in favor of the spin-off of Lanxess from Bayer.[4]
Lanxess AG shares were listed on Germany’sDAX from 24 September 2012 to 21 September 2015, and are currently part ofMDAX, a mid-cap index. The company is also listed on theDow Jones Sustainability Index andFTSE4Good Index.
In 2016, the company shifted its focus to the market for additives, specifically for lubricants andfire retardants, through the acquisition ofChemtura and by placing its rubber business into a joint venture withAramco.[5][6][7]
In February 2020, Lanxess acquired Brazilian biocide manufacturer Itibanyl Produtos Especiais Ltda. (IPEL).[8]
In July 2022, Lanxess finalized its acquisition ofInternational Flavors & Fragrances' microbial control unit for US$1.3 billion.[9]
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