# Nippon Shokubai and Sanyo Chemical to integrate via joint share transfer

Nippon Shokubai and Sanyo Chemical Industries executed a final agreement to establish a joint holding company, Synfomix Co., Ltd., through a joint share transfer, integrating their businesses.

- Type: Acquisition
- Announced: 2019-11-29
- Where: Kyoto, Japan
- Status: announced
- Products: chemical products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sanyo Chemical Industries](https://endata.com/companies/15157.md)
- [Nippon Shokubai](https://endata.com/companies/15191.md)
- [Sanyo Chemical Industries](https://endata.com/companies/15157.md) (target)
- [Nippon Shokubai](https://endata.com/companies/15191.md) (target)
- [Sanyo Chemical](https://endata.com/companies/26605.md) (partner)
- [Synfomix Co. Ltd.](https://endata.com/companies/43653.md) (acquirer)
- [Synfomix Co. Ltd.](https://endata.com/companies/43653.md) (partner)
- [Synfomix Co. Ltd.](https://endata.com/companies/43653.md) (target)

## Sources

- [sanyo-chemical.co.jp](https://www.sanyo-chemical.co.jp/eng/archives/3583), 2019-11-29: "We hereby announce that today, the Companies’ adopted a resolution in their respective extraordinary meeting of the Board of Directors to conduct a business integration by establishing Synfomix Co., Ltd. by way of joint share transfer."
- [borderless.net](https://www.borderless.net/news/energy-and-chemical-value-chain/nippon-shokubai-sanyo-chemical-enter-merger-agreement-to-form-synfomix/), 2019-12-02: "Synfomix intends to become a chemical manufacturer with both significant global presence as well as multiple businesses with strength."
- [specchemonline.com](https://www.specchemonline.com/japanese-sap-firms-complete-merger), 2019-12-03: "The two said that this will create 'a chemical manufacturer with both significant global presence as well as multiple businesses with strength'."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Japanese-chemical-makers-Nippon-Shokubai-and-Sanyo-Chemical-to-merge/97/web/2019/12), 2019-12-05: "Nippon Shokubai and Sanyo Chemical now say they have agreed to combine into a new company to be called Synfomix."
- [fuelsandlubes.com](https://www.fuelsandlubes.com/nippon-shokubai-sanyo-chemical-merger-give-rise-synfomix-co-ltd/), 2019-12-11: "The merger is based on the condition that it will be approved by the competition authorities in Japan and relevant countries."

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