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Ube Industries to acquire Premium Composite Technology North America · Endata

◂ Announcements

Mar 23, 2020ACQUISITIONFranklin, Indiana, United States

Ube Industries to acquire Premium Composite Technology North America

Ube Industries agreed to acquire 100% of Premium Composite Technology North America (PCTNA) from Toyota Tsusho. PCTNA manufactures plastic compounds in Franklin, Indiana, primarily for Japanese automakers. The deal is expected to close on April 1, 2020.

Status

Announced

Productsplastic compoundsnylon 6 compounds

CompaniesToyota Tsusho partner UBE Industries Ltd acquirer Premium Composite Technology North America target

Sectors#Plastics and Polymers #Automotive Components

“The acquisition of PCTNA will enable Ube Industries to establish a first own North American base for manufacturing its own compounds.”ube.es

2 sources
ube.esUbe Industries to Acquire North American Compound Manufacturer - UBE Corporation EuropeUBEMar 23, 2020
autotechinsight.spglobal.comUbe Industries to acquire compound manufacturer Premium Composite Technology North America - Automotive Technology Insight | Forecasts | Industry News | Supply ChainMar 31, 2020

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

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