# Mitsubishi Chemical Group transfers 25% stake in MEP to Mitsubishi Gas Chemical

Mitsubishi Chemical Group has transferred a 25% stake in Mitsubishi Engineering-Plastics Corporation to Mitsubishi Gas Chemical Company, effective April 3, 2023. Concurrently, MCG acquired the XANTAR and NOVADURAN businesses from MEP.

- Type: Acquisition
- Announced: 2023-04-03
- Where: Japan
- Status: completed
- Products: polycarbonate resin XANTAR, polybutylene terephthalate resin NOVADURAN
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md)
- [Mitsubishi Gas Chemical Company, Inc.](https://endata.com/companies/20632.md) (acquirer)
- [Mitsubishi Engineering-Plastics Corporation](https://endata.com/companies/69484.md) (target)

## Sources

- [mcgc.com](https://www.mcgc.com/english/news_release/01554.html), 2023-04-03: "The MCG Group has transferred a 25% stake in Mitsubishi Engineering-Plastics Corporation to Mitsubishi Gas Chemical Company, Inc. effective April 3, 2023."

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