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Mitsubishi Plastics acquires full ownership of engineering plastics business

12:10 AM MDT | May 22, 2013 | Deepti Ramesh

Mitsubishi Plastics (Tokyo) says that it has acquired a 50% stake in Aquamit (Amsterdam) from the Quadrant Founders Group, and that Aquamit became a wholly owned subsidiary of Mitsubishi Plastics on 21 May. Aquamit is a holding company of Quadrant (Lenzburg, Switzerland), which is mainly involved in the business of engineering plastics products and fiber plastics composite materials. Mitsubishi Plastics established Aquamit, a jointly owned holding company, with the Quadrant Founders Group in 2009, and Aquamit gained 100% ownership of Quadrant through a public...

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