# Covestro increases stake in DIC Covestro Polymer JV to 80%

Covestro raised its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%, acquiring an additional 30% from DIC Corporation. The investment is in the low double-digit million EUR range and is part of Covestro's expansion of its global TPU business.

- Type: Acquisition
- Announced: 2019-07-15
- Where: Sakai, Osaka Prefecture, Japan
- Status: announced
- Products: thermoplastic polyurethanes (TPU)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [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) (target)
- [DIC Covestro Polymer Ltd.](https://endata.com/companies/35769.md) (target)

## Sources

- [siliconecloth.com](https://siliconecloth.com/covestro-becomes-majority-stakeholder-in-dic-covestro-polymer-joint-venture-in-japan/), 2019-07-15: "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.