# Covestro raises stake in DIC Covestro Polymer to 80%

Covestro increased its stake in joint venture DIC Covestro Polymer Ltd. from 50% to 80%, acquiring a majority stake for a low double-digit million EUR amount. Closing planned for early Q2 2019.

- Type: Acquisition
- Announced: 2018-11-28
- Where: Sakai, Osaka Prefecture, Japan
- Value: $11.4M (10.0M EUR)
- Status: announced
- Products: thermoplastic polyurethanes (TPU)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (acquirer)
- [DIC Corporation](https://endata.com/companies/19672.md) (partner)
- [DIC Corporation](https://endata.com/companies/19672.md) (target)
- [DIC Covestro Polymer Ltd.](https://endata.com/companies/35769.md) (target)

## Sources

- [covestro.com](https://www.covestro.com/press/covestro-becomes-majority-stakeholder-in-dic-covestro-polymer-joint-venture-in-japan/), 2018-11-28: "Covestro raises stake from 50% to 80% / Partnership with DIC Corporation continues / Acquisition as part of Covestro’s global growth strategy"
- [just-auto.com](https://www.just-auto.com/news/covestro-raises-stake-in-dic-covestro-polymer-jv-in-japan/), 2018-11-29: "Covestro is accelerating the expansion of its Thermoplastic Polyurethanes business (TPU) by raising its stake in Joint Venture, DIC Covestro Polymer (DCP) from 50% to 80%."
- [pcimag.com](https://www.pcimag.com/articles/105460-covestro-becomes-majority-stakeholder-in-dcp-joint-venture), 2018-11-30: "Covestro is accelerating the expansion of its thermoplastic polyurethanes business (TPU) by raising its stake in the Joint Venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%."
- [chemanager-online.com](https://chemanager-online.com/en/news/covestro-widens-japanese-tpu-stake), 2018-12-05: "The increased shareholding shows a clear commitment to the Japanese market."
- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/covestro-further-expands-tpu-business/), 2018-12-05: "The acquisition complements Covestro’s recent organic global capacity expansions of TPU sites in New Martinsville (USA) and Changhua (Taiwan)."
- [tpe-forum.de](https://www.tpe-forum.de/covestro-becomes-majority-stakeholder-in-dic-covestro-polymer-jv-in-japan/), 2018-12-05: "Covestro announced that it has raised its stake in the Joint Venture DIC Covestro Polymer Ltd. (DCP) from 50 % to 80 %."
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/m-indorama-buys-invistas-pet-facility-in-germany/), 2018-12-31: "The strong and long-term partnership of both companies, as well as our thorough understanding of the future growth potential make this acquisition a fitting step in Covestro’s growth strategy focusing on sustainability driven innovation."

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