Shinagawa Refractories Co., Ltd. completed the acquisition of Ceramic businesses of Saint-Gobain in Brazil and the US.
December 29, 2022
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Shinagawa Refractories Co., Ltd. (TSE:5351) entered into binding agreements to acquire Ceramic businesses of Saint-Gobain in Brazil and the US on May 12, 2022. Saint-Gobain also announced the closing of two acquisitions in High Performance Solutions: Global SFC and Monofrax LLC. Ceramic businesses of Saint-Gobain generated turnover of around €70 million in 2021. The completion of the transactions is expected by the end of 2022 or beginning of 2023. As of December 22, 2022, Shinagawa Refractories agreed with Saint-Gobain to complete the acquisition of the Brazilian Refractories business and the Alumina-based Wear-Resistant Ceramics business in the United States from Saint-Gobain S.A. on December 29, 2022.
Morrison & Foerster LLP acted as legal advisor to Shinagawa Refractories Co., Ltd. (TSE:5351). Guillaume Suizdak, Tetsuya Fujii and Luiz Recchia of Lincoln International LLC acted as financial advisor to Compagnie de Saint-Gobain S.A. in the transaction.
Shinagawa Refractories Co., Ltd. (TSE:5351) completed the acquisition of Ceramic businesses of Saint-Gobain in Brazil and the US on December 29, 2022.
SHINAGAWA REFRACTORIES CO.,LTD. is a Japan-based company engaged in the manufacture and sale of refractories, the installation of furnaces and the leasing of real estate. The Company operates through three business segments. The Refractory and Related Product segment is engaged in the manufacture and sale of regular refractories, irregular refractories, mold powder, calcined lime, chemicals, refractory insulation bricks, ceramic fibers and fine ceramics. The Engineering segment is involved in the design and installation of furnaces. The Real Estate and Leisure segment is engaged in the leasing of real estate and the operation of golf courses, public bathhouses and hotels.
SHINAGAWA REFRACTORIES CO., LTD. 
