Date: 6 July 2009
We have been proceeding with the necessary process for the acquisition. On June 9, 2009, we resolved to establish new subsidiaries to acquire the business. We hereby announce that the acquisition was completed on July 1, 2009 (July 2, Japan Standard Time), and started the operation as our business.
Outline of the Companies (subsidiaries established for the acquisition)
1. United States
1) Company name : Sekisui Specialty Chemicals America, LLC
2) Location : Dallas, Texas, U.S.
3) Name of Representative : Tsuyoshi Okano (President and COO)
4) Principal Business : Development, manufacturing and distribution of
PVOH resins
5) Capital Structure : SEKISUI AMERICA CORPORATION 100%
2. Spain
1) Company name : Sekisui Specialty Chemicals Europe, S.L.
2) Location : Tarragona, Catalonia, Spain
3) Name of Representative : Tsuyoshi Okano (President and COO)
4) Principal Business : Manufacturing and distribution of PVOH resins
5) Capital Structure : SEKISUI EUROPE B.V. 100%
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