22 April 2013 07:55 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Mitsubishi Chemical has acquired all the assets of the polyvinyl chloride (PVC) compounding business of US-based Comtrex, the company said in a statement on Monday.
Financial details were not disclosed, however.
The acquisition is in line with Mitsubishi Chemical’s medium-term management plan to expand manufacturing and sales of PVC compounds and thermoplastic elastomers for the automotive sector in North America, and strengthen the operating base of its performance polymer business, the company said.
Comtrex, based in Warren, Michigan, has engaged in the PVC compounding business for over 30 years, and has had strong sales for the automotive industry in North America, Mitsubishi Chemical added.
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