Complex sentence: Lanxess Aktiengesellschaft is a 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 segment from Bayer AG. Lanxess is the ninth largest chemicals group in Germany in terms of sales.
Split into simpler sentences: Lanxess Aktiengesellschaft is a specialty chemicals company based in Cologne, Germany. The group was founded in 2004 with the spin-off of the chemicals division and parts of the polymers segment from Bayer AG. Lanxess is the ninth largest chemicals group in Germany in terms of sales.