Kuraray buys DuPont's safety glass business

By Rhoda Miel
News Editor

Published: November 21, 2013 5:35 pm ET
Updated: November 21, 2013 5:37 pm ET

Related to this story

Topics Automotive, Construction, Mergers & Acquisitions, Film & Sheet

Japan's Kuraray Co. Ltd. will buy DuPont's Glass Laminating Solutions/Vinyl unit, a business worth more than $500 million in annual sales.

Kuraray will pay $543 million plus the value of the inventories under the terms of a definitive agreement announced Nov. 21.

The GLS/Vinyls group supplies polyvinyl butyral and ionomer sheets for safety glass and vinyl acetate monomer and polyvinyl alcohol for the architectural, automotive and industrial applications. It has six manufacturing sites in the U.S., Europe and Asia and 600 employees. It is part of Wilmington, Del.-based DuPont's packaging and industrial polymers group. The business includes DuPont’s SentryGlas line of films.

Tokyo-based Kuraray says it was an early adopter of PVA and already supplies PVA resin, PVB resin and film and PVA film and fiber. It expects to use the GLS/Vinyls group to boost its business in vinyl acetate, said Keiji Murakami, president of Kuraray's vinyl acetate company.

"GLS/Vinyls will have a good home with Kuraray," said William J. Harvey, president of DuPont's packaging and industrial polymers group. "That company's focus on PVA as a central part of its core vinyl acetate business, its strong global market position and its capacity to invest in GLS/Vinyls all make this a good fit."


Comments

Kuraray buys DuPont's safety glass business

By Rhoda Miel
News Editor

Published: November 21, 2013 5:35 pm ET
Updated: November 21, 2013 5:37 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Plasan investing in capacity, jobs to supply auto market with carbon fiber

September 19, 2014 3:05 pm ET

Growth in the emerging automotive market for carbon-fiber composites has spurred a $29 million investment in a Walker, Mich., factory    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Toyoda Gosei expanding in Mexico

September 19, 2014 2:33 pm ET

Toyoda Gosei North America Corp. is investing $67 million in a 398,000-square-foot plant in central Mexico to supply the automotive industry with...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events