# 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.

- Type: Acquisition
- Announced: 2019-11-25
- Where: Wilmington, Massachusetts, United States
- Value: $7.25M
- Status: announced
- Products: medical grade polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md) (acquirer)
- [AdvanSource Biomaterials Corporation](https://endata.com/companies/22479.md) (target)
- [Mitsubishi Chemical Performance Polymers](https://endata.com/companies/43490.md) (acquirer)
- [Mitsubishi Chemical America](https://endata.com/companies/43491.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1011060/000121390019024647/f8k112519ex99-1_advansource.htm), 2019-11-25: "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."
- [rubbernews.com](https://www.rubbernews.com/acquisition/mitsubishi-chemical-acquire-advansource-biomaterials-tpu-business/), 2019-11-27: "Mitsubishi Chemical to acquire AdvanSource Biomaterials' TPU business"
- [tpe-forum.de](https://www.tpe-forum.de/mitsubishi-chemical-acquisition-of-advansource-biomaterials-tpu-business/), 2019-12-20: "MCC announced that it will acquire the thermoplastic polyurethane elastomer (TPU) business of AdvanSource Biomaterials Corporation."

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