# JSR completes divestiture of ETEC to Nippon Shokubai

JSR Corporation completed the divestiture of its wholly owned subsidiary Emulsion Technology Co., Ltd. (ETEC) and transferred all shares of ETEC to NIPPON SHOKUBAI CO., LTD. The transaction includes ETEC's emulsions and fine chemicals businesses.

- Type: Acquisition
- Announced: 2025-04-01
- Where: Japan
- Status: completed
- Products: resins for adhesives and coatings, polymers for waterproofing and construction
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [JSR Corporation](https://endata.com/companies/23191.md)
- [Nippon Shokubai](https://endata.com/companies/15191.md) (acquirer)
- [JSR Corporation](https://endata.com/companies/23191.md) (partner)
- [Emulsion Technology Co., Ltd.](https://endata.com/companies/83841.md) (target)

## Sources

- [jsr.co.jp](https://www.jsr.co.jp/jsr_e/news/2025/20250401_2.html), 2025-04-01: "JSR Corporation has completed the divestiture of the emulsions and fine chemicals businesses of its wholly owned subsidiary, Emulsion Technology, Co., Ltd."
- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/jsr-corporation-completes-divestiture-of-emulsions-business-to-nippon-shokubai-35734), 2025-04-08: "JSR Corporation announced the successful completion of the divestiture of its emulsions business, previously held under its wholly-owned subsidiary Emulsion Technology, Co., Ltd. (ETEC), to NIPPON SHOKUBAI 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.