Perstorp AB completed the acquisition of Penta, Di-Penta and Sodium Formate Business from Koei Chemical Company, Limited.
July 31, 2015 at 09:30 am IST
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Perstorp AB agreed to acquire Penta, Di-Penta and Sodium Formate Business from Koei Chemical Company, Limited (TSE:4367) on July 2, 2015. As part of the business transfer, Koei Chemical will act as Perstorp's agent in Japan. The business reported sales of ¥3.83 billion for the period ended March 2015. The deal was resolved on July 2, 2015. A business transfer contract is expected to be concluded by early-July 2015 and the deal is expected to complete one year after the conclusion of business transfer contract.
Perstorp AB completed the acquisition of Penta, Di-Penta and Sodium Formate Business from Koei Chemical Company, Limited (TSE:4367) in July, 2015.
Koei Chemical Co Ltd is a Japan-based company engaged in the manufacture, sale, import and export of chemical products. The Company operates in two business segments. The Fine Products segment is engaged in the manufacture and sale of medical and agricultural chemicals such as intermediates and raw materials for pharmaceuticals, veterinary drugs and agricultural chemicals, functional chemicals such as catalysts, solvents, polymer additives, resins, information technology (IT) related chemicals and photographic drugs, as well as other products. The Chemical Products segment is engaged in the manufacture and sale of multivalent alcohols such as various synthetic resin raw materials and paint raw materials, as well as other formaldehyde products.