M&A

Mitsui Chemicals Set to Acquire TPS Business From Asahi Kasei

Mitsui Chemicals Inc. (TYO:4183) has announced that it will acquire the Sunvieo thermoplastic styrene elastomer (TPS) business currently held by Asahi Kasei Corp. (TYO:3407) on Oct. 1. The acquisition price has not been disclosed. With the acquisition, Mitsui Chemicals will be better situated to answer wide-ranging needs in various sectors, such as auto parts and consumer products. Mitsui Chemicals currently...

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Bridgestone Americas to Sell All Shares of Speedco

Bridgestone Americas Inc. (BSAM), the U.S. subsidiary of Bridgestone Corp. (TYO:5108), announced on Sept. 15 that it will sell all shares of its wholly owned subsidiary Speedco Inc. to U.S.-based Love’s Travel Stops & Country Stores Inc. The sale price was not disclosed. Speedco provides automotive lube, maintenance and other services to the trucking industry, and owns 52 stores in...

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Techno Polymer and UMG ABS Delay Launch of New ABS Resin Company

JSR Corp. (TYO:4185), Mitsubishi Chemical Corp. and Ube Industries Ltd. (TYO:4208) have announced delays to the integration of Techno Polymer Co. Ltd.’s and UMG ABS Ltd.’s acrylonitrile butadiene styrene (ABS) resin businesses. Techno Polymer is a wholly-owned subsidiary of JSR, while Ube Industries and Mitsubishi Chemical each hold 50 percent shares in UMG ABS. The parent companies had originally planned...

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Dow Chemical and DuPont Complete Merger of Equals

DowDuPont Inc. has announced that the merger of equals between The Dow Chemical Co. and E.I. du Pont de Nemours & Co. completed on August 31. The combined entity is named DowDuPont, and operates as a holding company with three divisions – agriculture, materials science and specialty chemical products. DowDuPont intends to separate the three divisions and launch them as...

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