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Home  > Markets & companies  > Raw materials market  > Kuraray to buy Calgon Carbon

Tuesday, 24 October 2017
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Markets & companies, Raw materials market

Kuraray to buy Calgon Carbon

Monday, 9 October 2017

Japanese chemical manufacturer Kuraray Co., Ltd. will buy U.S. firm Calgon Carbon Corp.

Kuraray to buy Calgon Carbon. Source: Imageteam/Fotolia.com

Kuraray to buy Calgon Carbon. Source: Imageteam/Fotolia.com

The parties are targeting a closing by the end of December, 2017.

US-$1.3 billion deal

Under the merger agreement Kuraray will acquire Calgon Carbon for $21.50 per share in cash, which equates to an equity value of approximately US-$1.1 billion, and a transaction value in excess of US-$1.3 billion.  While this acquisition will enhance Kuraray’s growth strategy and global presence in activated carbon and filtration media, it intends to operate Calgon Carbon as a separate subsidiary of Kuraray. The companies will align the organisation and operation from Calgon Carbon’s world headquarters in Pittsburgh, Pennsylvania.

About Kuraray

As  a  pioneer  of  vinyl  acetate  related  business,  Kuraray  has  a  global  presence  in  the  business  area  of  PVA  (polyvinyl  alcohol)  resin,  PVB (polyvinyl  butyral)  resin  and  film,  PVA  film  that  is  used  for  LCD  and  detergent  unit  packing,  EVOH  (ethylene vinyl alcohol) resin used for food packaging and gasoline tanks, and PVA fiber that  is  used  for  a substitute  of  asbestos  and  a reinforcing  material  of  cement.  

About Calgon Carbon

Calgon  Carbon  is  the  world’s  largest  producer  of  granular  activated  carbon  and  supplies  more  than  100  types  of  activated carbon products – in granular, powdered, pelletised and cloth form – for more than 700 applications.

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