# 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.

- Type: Acquisition
- Announced: 2026-05-11
- Where: Japan
- Status: announced
- Products: paints, coatings, acrylic rubber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Zeon Corp](https://endata.com/companies/15618.md)
- [Natoco](https://endata.com/companies/15610.md) (acquirer)
- [Tohpe](https://endata.com/companies/15611.md) (target)

## Sources

- [ctiweb.co.jp](https://www.ctiweb.co.jp/en/zeon-signs-agreement-to-sell-its-shares-in-tohpe-and-transfer-tohpes-paints-business-to-natoco/), 2026-05-11: "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"
- [news.informationresearch.co.uk](https://news.informationresearch.co.uk/post/zeon-corporation-agrees-to-transfer-tohpe-s-paints-business-to-natoco-co-through-share-sale-agreeme), 2026-05-11: "Zeon Corporation has agreed to transfer the paints business of its group company Tohpe Corporation to NATOCO Co. through a share transfer agreement signed on May 11, 2026."

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