Zeon to sell Tohpe shares and transfer paints business to NATOCO

Zeon Corporation signed an agreement on May 11, 2026 to sell its shares in Tohpe Corporation and transfer Tohpe's paints business to NATOCO Co., Ltd. Prior to the transfer, Zeon will split off Tohpe's acrylic rubber business into a wholly owned subsidiary.

“Zeon concluded that the best way to achieve sustainable growth for the business and maximize value for partners and stakeholders is to pursue expansion under NATOCO”ctiweb.co.jp

• 2 sources
• ctiweb.co.jpZeon signs agreement to sell its shares in Tohpe and transfer Tohpe’s paints business to NATOCO - Converting Technical InstituteMay 11, 2026
• news.informationresearch.co.ukZeon Corporation agrees to transfer Tohpe’s paints business to NATOCO Co. through share sale agreementMay 11, 2026

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