# Mitsubishi Chemical to acquire CFK Valley Stade Recycling and carboNXT

Mitsubishi Chemical Corp. announced on July 30, 2020, that it will acquire two German carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG and carboNXT GmbH, through its subsidiary Mitsubishi Chemical Advanced Materials AG. The acquisition includes manufacturing equipment, intellectual property and other assets, and is slated for completion around early August 2020.

- Type: Acquisition
- Announced: 2020-07-30
- Where: Wischhafen, Germany, Germany
- Status: announced
- Products: recycled carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md)
- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md) (acquirer)
- [Mitsubishi Chemical Advanced Materials](https://endata.com/companies/39770.md) (acquirer)
- [Mitsubishi Chemical Advanced Materials](https://endata.com/companies/39770.md) (partner)
- [CFK Valley Stade Recycling GmbH & Co. KG](https://endata.com/companies/48624.md) (target)
- [carboNXT GmbH](https://endata.com/companies/48625.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXLRSP538382_Q0A730C2000000/), 2020-07-30: "当社は、サーキュラーエコノミー（循環型経済）の推進に向けた取り組みの一環として、ドイツにある炭素繊維リサイクル事業を手掛けるCFK Valley Stade Recycling GmbH & Co. KG及びcarboNXT GmbHを買収することを決定いたしました。"
- [compositesworld.com](https://www.compositesworld.com/news/mitsubishi-chemical-plans-to-acquire-european-carbon-fiber-recycling-companies-), 2020-08-03: "Mitsubishi Chemical Corp. announced on July 30 that it has decided to acquire two carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG and carboNXT GmbH."

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