# 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.

- Type: Acquisition
- Announced: 2020-03-23
- Where: Franklin, Indiana, United States
- Status: announced
- Products: plastic compounds, nylon 6 compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)
- [UBE Industries Ltd](https://endata.com/companies/21995.md) (acquirer)
- [Premium Composite Technology North America](https://endata.com/companies/46068.md) (target)

## Sources

- [ube.es](https://ube.es/ube-industries-to-acquire-north-american-compound-manufacturer/), 2020-03-23: "The acquisition of PCTNA will enable Ube Industries to establish a first own North American base for manufacturing its own compounds."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5254451/ube-industries-to-acquire-compound-manufacturer-premium-composite-technology-north-america), 2020-03-31: "The acquisition would enable Ube Industries to establish its first own North American base for manufacturing compounds"

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