# Dongyang Textile to acquire Imperial's polyester film business for ¥10 billion

Dongyang Textile Corporation announced it will acquire Imperial's polyester film business, including Imperial Film Solution (TFS) in Japan and its Indonesian subsidiary ITFS, for approximately ¥10 billion (about 627 million yuan). The acquisition is expected to be completed on October 1, 2019.

- Type: Acquisition
- Announced: 2019-05-22
- Where: Japan
- Value: $92.0M (10.0B JPY)
- Status: announced
- Products: polyester film, capacitor separation film, polyethylene naphthalate film
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Dongyang Textile Corporation](https://endata.com/companies/39683.md) (acquirer)
- [Imperial Film Solution](https://endata.com/companies/39684.md) (target)
- [ITFS](https://endata.com/companies/39685.md) (target)

## Sources

- [sjfzxm.com](https://www.sjfzxm.com/global/fra/539375.html), 2019-05-30: "Le 22 mai, la société textile de l 'est (Dongyang Textile Corporation) a annoncé qu' elle rachèterait l 'Empire pour le commerce de films de polyester"

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