Volume 94 Issue 33 | p. 15 | Concentrates
Issue Date: August 22, 2016 | Web Date: August 21, 2016

Mitsubishi seeks rest of Nippon Synthetic

Department: Business
Keywords: mergers & acquisitions, Japan, restructuring

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.

 
Chemical & Engineering News
ISSN 0009-2347
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