GVC S.A. completed the acquisition of Kuraray Deutschland GmbH And Kuraray Belgium N.V. and other assets from Kuraray Co. Ltd.
January 30, 2015 at 11:00 pm EST
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GVC S.A. reached an agreement to acquire Kuraray Deutschland GmbH And Kuraray Belgium N.V. and other assets from Kuraray Co. Ltd. (TSE:3405) for an enterprise value of €12 million on October 17, 2014. The transaction also includes purchase of the production facility in Uentrop, Germany, the R&D center in Mechelen, Belgium, licenses to IP and know-how used in the business and a long term supply agreement for PVB resin. The final purchase price will be paid with adjustments for net cash/debt balance and net working capital upon closing. The deal is subject to customary regulatory approvals and European Commission's approval and is expected to close on January 2015.
GVC S.A. completed the acquisition of Kuraray Deutschland GmbH And Kuraray Belgium N.V. and other assets from Kuraray Co. Ltd. on January 31, 2015.
Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).
KURARAY CO., LTD 
