01.06.2017 • News

Warren Buffett Takes Stake in Lanxess

(c) Lanxess
(c) Lanxess

Berkshire Hathaway, the conglomerate headed by American billionaire Warren Buffett, has taken a 3% stake in Germany’s Lanxess. A statement filed with the Frankfurt stock exchange on May 29 said Berkshire Hathaway subsidiary General Reinsurance purchased the stake on May 19. The move puts the US investor among the company’s top six shareholders.

Bloomberg news agency said Berkshire Hathaway has been pursuing investments in Germany and had agreed earlier this year to buy Wilhelm Schulz, a manufacturer of piping components based in Krefeld. The Omaha, Nebraska-headquartered holding group also owns 100% of US specialty chemicals company, Lubrizol.

Lanxess finalized last month its $2.4 billion purchase of US specialty chemicals producer, Chemtura, a move which boosts the German group’s annual turnover to €9.2 billion. Chemtura will be known as Lanxess Solutions US.

Interview

Leading Transformation
The Path to Sustainable Growth

Leading Transformation

As Executive Vice President of International Chemicals since early 2024, Antje Gerber has been steering Sasol through a pivotal reset—focused on resilience, innovation, and bold sustainability goals.

Virtual Event

Downstream Purification
Bioprocess Forum

Downstream Purification

Save the Date: November 21+25, 2025
Join leading scientists, process engineers, and biomanufacturing innovators for a two-day virtual event exploring the latest breakthroughs in downstream purification.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.