History
Lanxess’ roots can be traced back to 1863, the year in which Friedrich Bayer & Co. was founded as a manufacturer of synthetic dyestuffs. In 2004, Bayer, seeking to focus its business on healthcare and nutrition, spun off most of its chemicals business and roughly one-third of its polymers business into an independent subsidiary named Lanxess. Shares in Lanxess AG began to trade on the Frankfurt Stock Exchange on January 31, 2005, at which time each shareholder of Bayer was issued one share of stock in Lanxess.
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