DIC Corporation (TSE:4631) agreed to acquire PCAS Canada Inc. from PCAS SA (ENXTPA:PCA) for an enterprise value of ?88.2 million on May 25, 2023. The sale is not subject to any condition precedents. Therefore, the execution of the related agreements by PCAS and DIC Corporation as well as the closing of the transaction will be completed within the coming days. Greenhill & Co., Inc. acted as financial advisor to DIC Corporation (TSE:4631).

DIC Corporation (TSE:4631) completed the acquisition of PCAS Canada Inc. from PCAS SA (ENXTPA:PCA) on June 1, 2023. On completion, PCAS Canada Inc was renamed ?Innovation DIC Chimitroniques Inc.? (English company name: ?Innovation DIC Chemitronics Inc.?). BENJAMIN O. LANG of DIC Corporation acted as legal advisor to DIC Corporation.