22 April 2013
Details
Mitsubishi Chemical Corporation
has acquired all of the assets concerning
the compounding business of
Combrex, LLC in USA.
Reasons
- This acquisition is in line with corporate
Medium term management plan ( 2011-2015).
- As one of the " Growth Business" in portfolio,
the performance polymer business
has been expanding its manufacturing and sales of
* themoplastic elastomers,
* cross-linked polymers,
* adhesive polymers and
* conductive polymers
- The key markets include
* automotive
* medical
* food and
* building industry
- in Asia, North America and Europe
Overview of resin compounding business to acquire
Company Combrex, LLC
Location Warren, Michigan, USA
Sales figures Approximately $ 20 million
Main Business Thermoplastic Elastomers and
PVC compound
Profiles
- Combrex has been engaged in the PVC compounding business
for over 30 years.
- Customers began to request that Combrex develop a line of
vulcanized thermoplastic elastomers (TPV).
- Combrex began developing TPV in 2000 and
selling this product in 2002
with strong growth in recent years.
Milestones
- In 2005,
Mitsubishi Chemical Corporation established
Mitsubishi Chemical Performance Polymers (MCPP)
headquarter in South Carolina, USA.,
as a business platform in North America.
- In December 2011,
MCPP's business platform was strengthened
by acquiring the shares of previous
joint venture for PVC compounds.
- In November 2012,
MCPP acquired the assets of Bellevue, OH plant
which was primarily manufacturing locations
for compounds.
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