AdvanSource Biomaterials Corporation

Mitsubishi Chemical Performance Polymers, a subsidiary of Mitsubishi Chemical America, has agreed to acquire substantially all assets of AdvanSource Biomaterials Corporation for $7.25 million in cash. The transaction is expected to close in Q1 2020.

Mitsubishi Chemical Corporation announced it will acquire the thermoplastic polyurethane elastomer (TPU) business of AdvanSource Biomaterials Corporation. The acquisition is expected to close in January 2020.

Mitsubishi Chemical Corporation will acquire the thermoplastic polyurethane elastomer (TPU) business of U.S.-based AdvanSource Biomaterials Corporation, with completion planned for January 2020.