# Covestro acquires full ownership of Japan Fine Coatings

Covestro became the sole owner of Japan Fine Coatings Co., Ltd. on January 14, 2022, by purchasing the remaining shares from JSR Corporation for a mid-single-digit million-euro price. The company produces UV-curable coatings for optical fibers.

- Type: Acquisition
- Announced: 2022-01-14
- Where: Tsukuba, Kanagawa, Japan
- Value: $5.70M (5.00M EUR)
- Status: completed
- Products: UV-curable coatings for optical fibers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (acquirer)
- [JSR Corporation](https://endata.com/companies/23191.md) (partner)
- [Japan Fine Coatings Co., Ltd.](https://endata.com/companies/60448.md) (target)

## Sources

- [ipcm.it](https://www.ipcm.it/en/post/covestro-acquires-japan-fine-coatings.aspx), 2022-01-19: "Covestro has announced that, on 14th January 2022, it has become the sole owner of Japan Fine Coatings Co., Ltd."

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