AICA Kogyo to acquire two Vietnamese synthetic material makers for $9.2M

AICA Kogyo Co., through its Taiwan-based subsidiary Evermore Chemical Industry Co., will acquire 100% of U-Best Vietnam Polymer Industry Co. and Vietnam Sunyad Technology Ltd for about 980 million JPY ($9.2 million). The acquisition is scheduled to complete in early 2020.

“AICA Kogyo Co., a Japanese manufacturer of chemicals and housing materials, said on October 4 it will buy two Vietnamese synthetic material makers at a total cost of about 980 million JPY (9.2 million USD).”en.vcci.com.vn

• 2 sources
• en.vcci.com.vnJapanese firm to buy two Vietnamese synthetic material makers - VCCI - Vietnam Chamber of Commerce and IndustryAug 22, 2019
• en.vietnamplus.vnJapanese firm to buy two Vietnamese synthetic material makersVietnam+ (VietnamPlusOct 4, 2019

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