Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) is pleased to announce on November 9th, 2022, that its specialty coatings division SDC Technologies, Inc., headquartered in California, USA, (President & CEO Richard Chang) has acquired Coburn Technologies, Inc., headquartered in Connecticut, USA (President Alex Incera) a developer, manufacturer, and a distributor of eyeglass lens processing equipment, to become a 100% owned subsidiary of SDC.
Vision Care Materials Business, Mitsui Chemicals Group |
Expanding solutions business through broadening the range of technology for coating and lens process.
As a leading manufacturer of ophthalmic lens materials, Mitsui Chemicals provides lens manufacturers worldwide with a variety of refractive indices and properties, including the MR™ series high-refractive index lens materials. Mitsui Chemicals has intensified its position in the field of coating materials essential for ophthalmic lens, following several key acquisitions including SDC Technologies in 2008, and SDC's acquisitions including FSI Coating Technologies permanent anti-fogging coating materials; acquired to the group in 2010; UV-curable hard coatings material producer, LTI Coating Technologies acquired in 2014 and fully integrated into SDC in 2017; and hydrophobic and anti-reflective coating expert COTEC® acquired in 2020. Together these complementary technologies provide a complete end-to-end solution of products that contribute to the long life and high functionality of ophthalmic lenses.
The addition of COBURN, which has a 65-year history of manufacturing and selling equipment and consumables for the ophthalmic lens processing laboratory, to the Mitsui Chemicals Group, will enable new technological advancements that combine the strengths of materials and processing equipment to address social issues, such as digitization, automation, and eco-sustainability. This acquisition further supports Mitsui Chemicals Vision Care Materials Business initiatives to continually focus on contributing to improve the health and comfort of the people's eyes around the world by providing high-performance, high-quality products and services that drive innovation in ophthalmic lens.
■ Company Profiles
SDC Technologies, Inc.
Coburn Technologies, Inc.
Head office
California, U.S.
Connecticut, USA
Representative
Richard Chang
Alex Incera
Established
1986
1954
Composition of shares
Mitsui Chemicals, Inc. (Mitsui Chemicals America, Inc.): 100%
SDC Technologies, Inc.: 100%
Business
Manufacture, sale and research of hard coatings, anti-fog coatings and coating equipment
Ophthalmic lens processing and coating equipment, manufacture, sale and research of various consumables and optometry equipment
Main applications
Eyewear, IT, Mobility
Eyewear
Offices
USA, Singapore, China, U.K.
USA, Singapore, China, India, U.K.
SDC: Comments from President and CEO Richard Chang
With the addition of COBURN, which boasts outstanding technical capabilities and a proven track record in the field of lens-processing equipment, we are very excited to see various synergies with SDC's coating materials, equipment, and lens-processing technology as we expand the SDC Group's portfolio and accelerate its global expansion. As a total solution company, SDC will grow together with everyone in the ophthalmic lens industry.
COBURN: Comments from President Alex Incera
The partnership with SDC is strategically ideal in terms of expanding our product portfolio and enhancing our solutions. Combining the automated processing equipment that COBURN excels in with SDC's innovative coating materials can provide new value to lens processing labs and ECP offices around the world. We are proud to be part of the Mitsui Chemicals Group, whose corporate culture is deeply focused on innovation and customer satisfaction.
Mitsui Chemicals Inc. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 02:06:02 UTC.
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%).