Carlyle Group to acquire a 54.51% stake in SEIKO PMC from DIC Corporation for $90 m.

Carlyle Group, a private equity firm, to acquire a 54.51% stake in SEIKO PMC, a papermaking chemical manufacturer, from DIC Corporation, a chemical company, for $90m. SEIKO PMC has long been a part of the group’s history, yet moving forward, the Company has determined that Carlyle, which operates its business globally, is an appropriate partner for SEIKO PMC, which aims to transform itself into a global company that contributes to the realization of a sustainable society through eco-friendly technology under its long-term vision, and that Carlyle is the most suitable partner for supporting SEIKO PMC in the establishment of superior business portfolios in high value-added growth areas and stable niche areas by utilizing Carlyle’s platform and accumulated knowledge.