Kingswood Capital Management completed the acquisition of Daramic from Asahi Kasei.

Kingswood Capital Management, a California-based investment firm, completed the acquisition of Daramic, a manufacturer and supplier of lead battery separators, from Asahi Kasei, a Japanese-based diversified chemical company. Financial terms were not disclosed. “We have been impressed with Daramic’s market position and global reach, which make it well-positioned for growth and long-term value creation for customers, partners, and stakeholders. We are excited to support Daramic as it builds on its long-standing track record of innovation and continues to set the standard for excellence in the battery separator industry," Andrew Kovach, Kingswood Managing Director.