# Aica Kogyo and DBJ to acquire Wilsonart Asia businesses for ¥16.2 billion

Aica Kogyo Company and Development Bank of Japan entered a definitive agreement to acquire Wilsonart's businesses in Thailand, China, Australia and Asia from Wilsonart International Holdings for ¥16.2 billion. Aica Kogyo will hold 51% and DBJ 49% in most entities.

- Type: Acquisition
- Announced: 2019-10-30
- Where: Thailand, China, Australia, Thailand
- Value: $149.0M (16.2B JPY)
- Status: announced
- Products: high pressure laminates, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Development Bank of Japan](https://endata.com/companies/17501.md) (acquirer)
- [Development Bank of Japan](https://endata.com/companies/17501.md) (investor)
- [Wilsonart Engineered Surfaces](https://endata.com/companies/28570.md) (target)
- [AICA Kogyo Co.](https://endata.com/companies/41491.md) (acquirer)
- [Wilsonart International Holdings](https://endata.com/companies/43009.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AICA-KOGYO-COMPANY-LIMITE-6494190/news/Aica-Kogyo-Company-Limited-and-Development-Bank-of-Japan-Inc-entered-into-a-definitive-agreement-t-34101192/), 2019-10-30: "The Board of Directors of Aica Kogyo Company, Limited resolved the deal on signing of agreement."
- [dallas.citybuzz.co](https://dallas.citybuzz.co/article/580276/wilsonart-engineered-surfaces-announces-sale-of-asia-business-to-aica-kogyo-co), 2019-10-31: "This transaction is a great opportunity for the Wilsonart Asia business to combine with a leader in the Asia market that has strong presence and scale in the region."

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