Fukuvi Chemical Industry Co.,Ltd. entered into an agreement to acquire Phenolic Foam Insulation Board Business of Okayama Sekisui Industry Co., Ltd.
September 09, 2018
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Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) entered into an agreement to acquire Phenolic Foam Insulation Board Business of Okayama Sekisui Industry Co., Ltd. on August 24, 2018. The transaction is expected to close on January 1, 2019.
FUKUVI CHEMICAL INDUSTRY CO.,LTD. is a Japan-based company primarily engaged in the manufacture and sale of synthetic resins and inorganic compounds. The Company has two business segments. The Construction Materials segment manufactures and sells glass fiber reinforced cement (GRC), windproof and permeable sheets, plastering materials, bus panels, interior base sheets, heat insulating materials, long cushions, system double floors, floor tiles, among others. The Industrial Materials segment manufactures and sells window frames, doors, furniture products, housing components, vehicle parts, furniture and precision chemical products, among others.