05.22.12
Kuraray Holding, Inc. USA has acquired Monosol, the largest supplier of PVA film to the global detergent industry. A purchase price was not disclosed and the deal has yet to receive governmental approvals.
According to P. Scott Bening, president and CEO of Monosol, after a 25 year relationship between the two companies, Kuraray is extremely excited about being able to assist and support MonoSol's continued growth while offering expanded R&D capabilities and geographic reach.
MonoSol will continue as an independently operated company and the management team and employees will remain in act.
Through this acquisition, Kuraray will expand its product offering of PVA films into a wider range of industrial applications, thereby enhancing its competitiveness. Kuraray currently supplies "POVAL" PVA film for optical-uses including a polarizing film, which is an essential component of liquid crystal displays.
"Kuraray will provide the financial, technology, geographic and cultural support required to take us to the next level," said Bening. "We evaluated may options in the world for this next step and it is clear to our management team that Kuraray is best suited for MonoSol."
More info: www.kuraray.co.jp/en/
According to P. Scott Bening, president and CEO of Monosol, after a 25 year relationship between the two companies, Kuraray is extremely excited about being able to assist and support MonoSol's continued growth while offering expanded R&D capabilities and geographic reach.
MonoSol will continue as an independently operated company and the management team and employees will remain in act.
Through this acquisition, Kuraray will expand its product offering of PVA films into a wider range of industrial applications, thereby enhancing its competitiveness. Kuraray currently supplies "POVAL" PVA film for optical-uses including a polarizing film, which is an essential component of liquid crystal displays.
"Kuraray will provide the financial, technology, geographic and cultural support required to take us to the next level," said Bening. "We evaluated may options in the world for this next step and it is clear to our management team that Kuraray is best suited for MonoSol."
More info: www.kuraray.co.jp/en/