# Daicel to absorb Polyplastics' engineering plastics business, rename subsidiary

Daicel Corporation announced on January 15, 2026, that it will absorb and merge the engineering plastics business of its wholly-owned subsidiary Polyplastics, effective April 1, 2026. Polyplastics will be renamed HPP Holdings Co., Ltd. and focus on holding subsidiary equity.

- Type: Acquisition
- Announced: 2026-01-15
- Where: Japan
- Status: announced
- Products: engineering plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Polyplastics Co.](https://endata.com/companies/23089.md) (target)
- [Daicel Corp.](https://endata.com/companies/23091.md) (acquirer)

## Sources

- [news.chemnet.com](https://news.chemnet.com/news-1146.html), 2026-01-19: "Daicel will absorb and merge the engineering plastics business of Polyplastics, while Polyplastics will simultaneously be renamed HPP Holdings Co., Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.