Mitsui Chemicals, Inc. acquired Operations for the manufacture, development, and sale of photomask pellicles and Asahi Kasei EMS Co.,Ltd from Asahi Kasei Corporation.
July 30, 2023
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Mitsui Chemicals, Inc. (TSE:4183) executed a final agreement to acquire Operations for the manufacture, development, and sale of photomask pellicles and Asahi Kasei EMS Co.,Ltd from Asahi Kasei Corporation (TSE:3407) for ¥7400 million on May 27, 2022. The business have a net sales of ¥4,351 million. This Separation is conditional upon receipt of necessary regulatory clearances, approvals, etc., based on competition laws, etc., in Korea and Taiwan. Transaction is expected to be closed on July 1, 2023.
Mitsui Chemicals, Inc. (TSE:4183) completed the acquisition of Operations for the manufacture, development, and sale of photomask pellicles and Asahi Kasei EMS Co.,Ltd from Asahi Kasei Corporation (TSE:3407) on July 1, 2023.
Mitsui Chemicals, Inc. specializes in the manufacture and marketing of chemicals products. Net sales break down by product family as follows:
- basic chemicals and fine chemicals products (48.8%): polypropylene, polyethylene, phenols, polyolefins, polyurethane, etc.;
- performance chemicals products (25.5%): elastomers, urethane, polymers, etc. intended in particular for the automotive industry;
- coating materials, films and agrochemicals (14.6%): resins, adhesives, polypropylene films, polyethylene films, industrial films, agrochemicals (insecticides, fungicides, herbicides, etc.) for the food and packaging sectors;
- specialty materials (10.2%): ophthalmic lens materials, photochromic materials, non-woven fibers, dental products, etc. dedicated to the medical and healthcare industry;
- other (0.9%).
Net sales are distributed geographically as follows: Japan (52.2%), China (14.5%), Asia (13.6%), America (11.8%), Europe (7.3%) and other (0.6%).
Mitsui Chemicals, Inc. acquired Operations for the manufacture, development, and sale of photomask pellicles and Asahi Kasei EMS Co.,Ltd from Asahi Kasei Corporation.