Nippon Shokubai Ltd. (Osaka, Japan) reached an agreement with JSR Corp. (Tokyo, Japan) to acquire the shares of Emulsion Technology Co. (E-TEC).
E-TEC was founded as a subsidiary of JSR in 1963. Focused on emulsion processes and products, E-TEC manufactures and sells construction, civil engineering and other industrial-use products, such as waterproof materials, adhesives, and pressure-sensitive adhesives made of synthetic-rubber latex or acrylic emulsion, leveraging its two core technologies: emulsion polymerization technology; and compound technology, which combines emulsions with other materials to achieve advanced performance.
This Transaction will allow Nippon Shokubai to strengthen its product portfolio centered on construction chemicals, expand the emulsion polymerization technology and production capacity, and enhance the ability to make more effective proposals with the compound technology.