iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

Polypore now a fully owned subsidiary of Asahi Kasei

Source:Ringier Plastics Release Date:2015-08-28 81
Plastics & Rubber
Add to Favorites
The acquisition of Polypore was completed on August 26,2015 and marks the global expansion Asahi Kasei's battery separator business

Asahi Kasei Corp. completed its acquisition of Polypore International, Inc. on August 26, 2015, making Polypore a wholly owned subsdiary of Asahi Kasei. This marks the completion of a definitive agreement signed on February 23 this year to acquire Polypore through a US subsidiary.  

Prior to the acquisition by Asahi Kasei, Polypore divested its Separations Media segment to 3M Company. As acquired by Asahi Kasei, Polypore will continue to operate its Energy Storage segment focused on battery separators.

Polypore now a fully owned  subsidiary of Asahi Kasei

As a result of the completion of this transaction, Polypore’s stock is no longer traded on the New York Stock Exchange, and Polypore will cease to have reporting obligations under the Securities Exchange Act of 1934.

Polypore will operate as a core operating company of the Asahi Kasei Group and further development and growth of the battery separator business will be coordinated with Asahi Kasei E-materials Corp., the core operating company which operates Asahi Kasei’s established battery separator business.  
 

Femme
Add to Favorites
You May Like