# Sumitomo Chemical to acquire remaining 50% stake in Sumika Styron Polycarbonate for $42.1M

Sumitomo Chemical agreed to acquire the remaining 50% stake in Sumika Styron Polycarbonate Limited from Trinseo Holding B.V. for $42.1 million, making it a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2017-01-25
- Where: Ehime Prefecture, Japan
- Value: $42.1M
- Status: announced
- Capacity: 75000 t/y of PC resins
- Products: polycarbonate
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Trinseo](https://endata.com/companies/17310.md)
- [Trinseo](https://endata.com/companies/17310.md) (partner)
- [Trinseo](https://endata.com/companies/17310.md) (target)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (acquirer)
- [Sumika Styron Polycarbonate Limited](https://endata.com/companies/21693.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMITOMO-CHEMICAL-COMPANY-6491327/news/Sumitomo-Chemical-Company-Limited-agreed-to-acquire-remaining-50-stake-in-Sumika-Styron-Polycarbon-35220476/), 2017-01-24: "Sumitomo Chemical Company, Limited agreed to acquire remaining 50% stake in Sumika Styron Polycarbonate Limited from Trinseo Holding B.V. for $42.1 million"
- [asia.nikkei.com](https://asia.nikkei.com/business/sumitomo-chem-buying-out-joint-venture-from-us-partner), 2017-01-25: "Sumitomo Chemical will buy out its joint venture with America's Trinseo as Western companies increasingly rethink their presence in Japan's maturing market"
- [sumitomo-chem.co.jp](https://www.sumitomo-chem.co.jp/news/detail/20170126.html), 2017-01-26: "住友化学と、トリンセオS.A.の100%子会社であるトリンセオホールディングB.V.は、このたび、両社の合弁会社「住化スタイロンポリカーボネート株式会社」について、トリンセオが所有する全株式を住友化学に売却する契約を締結いたしました。"
- [investor.trinseo.com](https://investor.trinseo.com/home/news/news-details/2017/Trinseo-and-Sumitomo-Chemical-Enter-into-Share-Transfer-Agreement-Regarding-Polycarbonate-Joint-Venture-in-Japan-01-26-2017/default.aspx), 2017-01-26: "Sumitomo Chemical is a natural owner for this Japan-based polycarbonate plant, and as an industry leader in the region, Sumitomo Chemical is better positioned to manage and deliver value from this asset in the future."
- [thefreelibrary.com](https://www.thefreelibrary.com/Trinseo+to+Sell+Japan+Polycarbonate+JV+Stake+to+Partner+Sumitomo...-a0479121474), 2017-01-27: "The transaction is expected to close on 31 January 2017."
- [chemanager-online.com](https://chemanager-online.com/en/news/trinseo-sells-share-in-pc-jv-to-partner-sumitomo), 2017-01-27: "Sumitomo Chemical is better positioned to manage and deliver value from the Japanese PC plant."
- [industrysourcing.com](https://www.industrysourcing.com/article/trinseo-sells-stake-jv-sumitomo-chemical?email=%5BEMAIL%5D), 2017-01-31: "Trinseo sells its 50% stake in polycarbonate JV in Japan to Sumitomo Chemical"
- [tworzywa.pl](https://www.tworzywa.pl/news/aktualnosci/wydarzenia-na-rynku-tworzyw,2677.html), 2017-03-08: "Transakcja prawdopodobnie została zakończona 31 stycznia 2017 roku"

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