MOSCOW (MRC) -- Kuraray, Japanese manufacturer of performance-based polymer and synthetic chemistry technologies, has reached an agreement to sell its European polyvinyl butyral (PVB) film business, formerly owned by DuPont, to GVC SA for an enterprise value of about EUR12-million, reported the company on its site.
The sale includes a PVB production facility in Uentrop, Germany, and a research and development center in Mechelen, Belgium. Subject to customary regulatory approvals and European Commission (EC) approval, the transaction is expected to close in January 2015.
The transaction was a result of the EC's conditional approval of Kuraray's acquisition of DuPont's Glass Laminating Solutions/Vinyls business.
As MRC wrote before, in June 2013, Kuraray successfully completed its acquisition of DuPont Glass Laminating Solutions/Vinyls, a segment of DuPont Packaging & Industrial Polymers. The USD543-million acquisition will double the size of Kuraray’s presence in the United States, Central and South America. The companies announced about this deal back in 2013.
DuPont is an American chemical company that was founded in July 1802. It is the world's ninth largest chemical company based on revenue in 2012. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona and Lycra. DuPont developed Freon (chlorofluorocarbons) for the refrigerant industry, and later more environmentally friendly refrigerants. It developed synthetic pigments and paints including ChromaFlair.
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