Tokyo-based PBI Advanced Materials, part of Japan's Sato Group, has expanded by purchasing the polybenzimidazole parts business of AZ Electronic Materials (Japan) KK.
Financial terms of the deal were undisclosed.
The acquired business includes plants in Shonandai Fujisawa, Tsu and Kinisaki, Japan, that manufacture parts, stock shapes, compounds and coatings.
AZ Electronic Materials (Japan) is a unit of Luxembourg-based AZ Electronic Materials group. The unit posted 2007 sales of $252 million. The firm makes technology products for use in integrated circuits, flat-panel displays and other items.
Sato Group makes parts for office automation, automotive and household appliance markets.
PBI's U.S. locations include a Celazole-brand resin and fiber production factory in Charlotte, N.C.