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Business

Mitsubishi seeks rest of Nippon Synthetic

by Jean-François Tremblay
August 21, 2016 | A version of this story appeared in Volume 94, Issue 33
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Mitsubishi Chemical Holdings has offered to buy the shares it doesn’t already own in Nippon Synthetic Chemical Industry, also known as Nippon Gohsei. Now the owner of 51% of Gohsei, Mitsubishi wants to pay roughly $425 million for the rest of the Japanese firm. Mitsubishi says the acquisition is in line with plans to strengthen its portfolio of high-value-added products and boost international sales. Among Gohsei’s products are ethylene-vinyl alcohol copolymers and polyvinyl alcohol films used by liquid-crystal-display manufacturers.

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