# Armacell acquires full ownership of AJA aerogel joint venture

Armacell has acquired all JIOS shares in Armacell JIOS Aerogels Limited (AJA), making it a wholly-owned subsidiary. AJA operates a manufacturing facility in Cheonan, South Korea with over 700 tonnes annual capacity.

- Type: Acquisition
- Announced: 2024-09-02
- Where: Cheonan, South Korea, South Korea
- Status: completed
- Capacity: over 700 tonnes of aerogel powder per year
- Products: silica aerogel products, ArmaGel insulation
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Armacell](https://endata.com/companies/21317.md) (acquirer)
- [JIOS Aerogel](https://endata.com/companies/72661.md) (partner)
- [JIOS Aerogel](https://endata.com/companies/72661.md) (target)
- [Armacell JIOS Aerogels Limited](https://endata.com/companies/79538.md) (target)

## Sources

- [aap.com.au](https://aap.com.au/aapreleases/cision20240902ae94118/), 2024-09-02: "This acquisition acknowledges the success of the joint venture that began eight years ago."
- [jiosaerogel.com](https://www.jiosaerogel.com/armacell-will-take-complete-ownership-of-the-successful-aerogel-joint-venture-aja-following-an-agreement-with-jios-aerogel/), 2024-09-02: "This acquisition acknowledges the success of the joint venture that began eight years ago."
- [business-news-today.com](https://business-news-today.com/armacell-takes-over-jios-aerogels-stake-in-aja-to-strengthen-aerogel-production-and-market-position/), 2024-09-03: "The joint venture has showcased the exceptional performance of JIOS technology in producing silica aerogels on a large scale"

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