Mitsubishi Chemical to acquire AdvanSource Biomaterials for $7.25M

Mitsubishi Chemical Performance Polymers, a subsidiary of Mitsubishi Chemical America, has agreed to acquire substantially all assets of AdvanSource Biomaterials Corporation for $7.25 million in cash. The transaction is expected to close in Q1 2020.

“The joining of AdvanSource and Mitsubishi Chemical Performance Polymers provides an excellent pathway for Mitsubishi Chemical Performance Polymers to accelerate its product development efforts and penetration into the specialty medical resins market segment.”sec.gov

• 3 sources
• sec.govNov 25, 2019
• rubbernews.comMitsubishi Chemical to acquire AdvanSource Biomaterials' TPU business - Rubber NewsEuropean Rubber Journal ReportNov 27, 2019
• tpe-forum.deMitsubishi Chemical: Acquisition of AdvanSource Biomaterials' TPU business - tpe-forum.deswDec 20, 2019

Summarized from public sources; check the original articles before acting on it.