21 June 2013 04:07 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Mitsui Chemicals has acquired 50.01% of US-based dentures maker DENTCA for an undisclosed fee, the producer said on Friday.
The acquisition is part of the company’s plans to expand its business portfolio to adapt to “changing economic conditions”, it said in a statement.
“As part of this strategy, Mitsui Chemicals targets active expansion including M&As [mergers and acquisitions], such as this April’s acquisition of the dental materials business of German Heraeus Holdings, which has a global manufacturing and sales network,” the company said.
“The dentures market is expected to continue to grow, leveraged by the increase in ageing of world-wide populations and rising incomes in emerging countries,” it added.
Mitsui Chemicals’ business portfolio includes petrochemicals, basic chemicals, polyurethanes (PU), functional polymeric materials, functional chemicals as well as films and sheets.
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