Kuraray Co. (Tokyo, Japan; www.kuraray.co.jp/en) has reached an agreement to sell the European polyvinyl butyral (PVB) film business formerly owned by subsidiaries of DuPont (Wilmington, Del.; www.dupont.com) to GVC S.A., a Luxembourg-based subsidiary company of GVC Holdings, Inc. (Montvale, N.J.; www.gvcholdings.com). The €12-million (approx. $15.3 million) transaction includes a production facility in Uentrop, Germany and an R&D center in Mechelen, Belgium. The transaction is anticipated to close in January 2015, after customary regulatory approvals.
Kuraray divesting polyvinyl butyral business for $15.3 million
| By Mary Page Bailey