# Shitian Materials to acquire majority stakes in Sumika Polymer Compounds Dalian and Zhuhai

Shitian Materials Technology Co., Ltd. agreed to acquire a 55% stake in Zhuhai Sumika Polymer Compounds Co., Ltd. and a 50% stake in Sumika Polymer Compounds Dalian Co., Ltd. from Sumitomo Chemical Company, Limited.

- Type: Acquisition
- Announced: 2024-12-18
- Where: China
- Status: announced
- Products: polymer compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sumitomo Chemical](https://endata.com/companies/20503.md) (target)
- [Shitian Materials Technology Co., Ltd.](https://endata.com/companies/81880.md) (acquirer)
- [Sumika Polymer Compounds Dalian Co., Ltd.](https://endata.com/companies/81881.md) (target)
- [Zhuhai Sumika Polymer Compounds Co., Ltd.](https://endata.com/companies/81882.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMITOMO-CHEMICAL-COMPANY-6491327/news/Shitian-Materials-Technology-Co-Ltd-agreed-to-acquire-an-unknown-majority-stake-in-Sumika-Polymer-48642548/), 2024-12-18: "Shitian Materials Technology Co., Ltd. agreed to acquire an unknown majority stake in Sumika Polymer Compounds Dalian Co., Ltd. and Zhuhai Sumika Polymer Compounds Co. Ltd. from Sumitomo Chemical Company, Limited."

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