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Riken Technos to Acquire Mitsui Chemicals Fabro
2:40 AM MDT | March 30, 2012 | Deepti Ramesh
Mitsui Chemicals says it has decided to sell its wholly owned subsidiary, Mitsui Chemicals Fabro (Tokyo) to Riken Technos Corp. (RTC; Tokyo) on October 1, 2012. FInancial terms were not disclosed. Mitsui Chemicals Fabro, which was established in 1972, manufactures and sells synthetic resin films food wrapping, and consumer products made of synthetic resin films, aluminum, and paper. RTC is a major manufacturer of vinyl chloride resin compounds and consumer use vinyl chloride food wrapping. The divesture of Mitsui Chemicals Fabro to RTC, is in line with...
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