Apollo Global Management to acquire thermal and emission control materials business from Mitsubishi Chemical for $759m.

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.