Kuraray Acquires MonoSol
Kuraray Co., Ltd., Japan, and MonoSol, LLC, USA, announced today that Kuraray has agreed to acquire MonoSol, a manufacturer of water-soluble polyvinyl alcohol (PVA) films. This acquisition by Kuraray supports its strategy to expand its Vinyl Acetate Chemical Chain Business. Terms of the transaction were not disclosed.
Through this acquisition, Kuraray will expand its product offering of PVA films into a wider range of industrial applications. Kuraray currently supplies "POVAL" PVA film for optical-uses including a polarizing film, which is an essential component of liquid crystal displays.
The transaction is subject to approvals by the appropriate regulatory authorities. The business will be operated as an independent company under Kuraray Holdings U.S.A., Inc. and all employees will be transferred to the new company.
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