# UBE Mitsubishi Cement to absorb Mitsubishi Shoji Building Materials' cement business

UBE Mitsubishi Cement announced that its subsidiary Ube Construction Materials Sales will absorb the cement sales business of Mitsubishi Shoji Building Materials, a Mitsubishi Corporation subsidiary, effective October 1, 2023.

- Type: Acquisition
- Announced: 2023-02-22
- Where: Japan
- Status: announced
- Products: cement, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (investor)
- [UBE Mitsubishi Cement](https://endata.com/companies/68708.md) (acquirer)
- [Ube Construction Materials Sales](https://endata.com/companies/68709.md) (acquirer)
- [Mitsubishi Shoji Building Materials](https://endata.com/companies/68710.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXZQOUC229G40S3A220C2000000/), 2023-02-22: "UBE三菱セメントは22日、子会社の宇部建設資材販売が10月1日をめどに、三菱商事子会社の三菱商事建材のセメント等販売事業を吸収合併すると発表した。"

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