# Natoco completes acquisition of Tohpe

Natoco completed its acquisition of Japanese coatings manufacturer Tohpe, making it a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2026-11-02
- Where: Japan
- Value: $14.6M (2.19B JPY)
- Status: completed
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [pcimag.com](https://www.pcimag.com/articles/115476-natoco-completes-acquisition-of-japanese-coatings-manufacturer), 2026-11-04: "Natoco said the acquisition is intended to expand its coatings business and support a restructuring of its product supply network."
- [pcimag.com](https://www.pcimag.com/keywords/4797-mergers-and-acquisitions), 2026-11-04: "The transaction makes Tohpe a wholly owned subsidiary as Natoco expands its coatings portfolio and manufacturing network."
- [pcimag.com](https://www.pcimag.com/articles/keyword/4797-mergers-and-acquisitions), 2026-11-05: "The transaction makes Tohpe a wholly owned subsidiary as Natoco expands its coatings portfolio and manufacturing network."

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