Kuraray Acquires DuPont Glass Laminating Solutions/Vinyls
June 10, 2014
Kuraray, Japanese manufacturer of performance-based polymer and synthetic chemistry technologies, successfully completed its acquisition of DuPont Glass Laminating Solutions/Vinyls, a segment of DuPont Packaging & Industrial Polymers, according to a Kuraray press release. The $543-million acquisition will double the size of Kuraray’s presence in the United States, Central and South America.
GLS/Vinyls is a supplier of polyvinyl alcohol/vinyl acetate-derived products used in a variety of architectural, automotive and industrial applications. The acquisition allows Kuraray to expand its technical and operational strength in the areas of technology, R&D, manufacturing and sales network. The purchase also offers Kuraray an integrated supply chain, presence in six new markets worldwide and increased availability of resources through DuPont’s strong market penetration, officials report.
“These increased capacities allow us to better meet the huge demand of current customers and acquire new ones, ultimately laying the groundwork for Kuraray to advance our goal of transforming into a global and integrated vinyl acetate company,” said Keiji Murakami, president of Kuraray’s Vinyl Acetate Company.
As part of the acquisition, Kuraray America Inc. will now operate GLS/Vinyls locations in Fayetteville, N.C., Washington Works, W. Va., and Wilmington, Del., employing 350 of GLS/Vinyls' 600 former employees.
Read the full release