Kaneka to Acquire Applied Poleramic Inc.

June 26 2017

Kaneka Americas Holding, Inc. and Applied Poleramic Inc. have entered into a Stock Purchase Agreement on June 19, 2017. Kaneka Americas shall acquire all of Applied Poleramic's stocks for approximately USD 15 million, and Applied Poleramic will become a consolidated subsidiary of Kaneka Americas. With this acquisition, Kaneka is making a full-scale entry into the aerospace business where it sees greater growth potential of high performance composites than in the general structural composites market.

Kaneka Americas Holding, Inc. is a wholly owned subsidiary of Kaneka Corporation, and Applied Poleramic Inc. is a formulated advanced resin supplier in the aerospace area.

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