Announced
Financials
Tags
Cross Border
Pending
Single Bidder
Private Equity
Majority
Private
Acquisition
Friendly
emission control
Building Materials: Other
Japan
thermal materials
Synopsis
Apollo Global Management, an US private equity firm, agreed to acquire thermal and emission control materials business from Mitsubishi Chemical, a Japanese chemical company, for $759m. “Mitsubishi Chemical’s Thermal and Emission Control Materials Business has long established a strong reputation in providing best-in-class specialty heat-protective materials to industrial and automotive customers. Through this investment, we are excited to harness Apollo’s experience to support the Business and its management team in this next phase. We see many paths to accelerate growth as the Business helps customers respond to increasing emissions regulations and explores new product applications,” Tetsuji Okamoto, Apollo Global Management Partner and Head of Japan.
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