# Sumitomo Bakelite to acquire 90% of Asahi Kasei Pax film business in new SB Pax company

Sumitomo Bakelite signed an agreement to acquire 90% of SB Pax, a new company split from Asahi Kasei Pax's laminated plastic film business, to expand its films and sheets business for pharmaceutical packaging. SB Pax is scheduled to begin operations on 1 April 2024.

- Type: Acquisition
- Announced: 2023-10-16
- Where: Japan
- Status: announced
- Products: laminated plastic film, pharmaceutical packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Asahi Kasei](https://endata.com/companies/8888.md) (partner)
- [Sumitomo Bakelite](https://endata.com/companies/11098.md) (acquirer)
- [Asahi Kasei Pax](https://endata.com/companies/11099.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/sumitomo-bakelite-asahi-kasei-pax/), 2023-10-16: "Sumitomo Bakelite has signed an agreement to acquire 90% of the shares in a new company established by splitting Asahi Kasei Pax's film business."

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