ME Newswire / Businesswire
Accretive transaction to accelerate growth, expand geographical
reach and enhance R&D capabilities in fast growing activated carbon
segment
OSAKA, Japan - Tuesday, October 29th 2013
Osaka Gas Chemicals Co., Ltd. ("Osaka Gas Chemicals”), a wholly
owned subsidiary of Osaka Gas Co., Ltd (TOKYO:9532)("Osaka Gas”),
today announced it has entered into an agreement with AddSorb
Holding AB to acquire all the shares of Jacobi Carbons AB
("Jacobi”), the world’s largest manufacturer and distributor of
coconut shell activated carbon headquartered in Kalmar, Sweden, for
an enterprise value of US$ 400 million. The transaction is expected
to close in January 2014.
Osaka Gas Chemicals has a leading position in the activated carbon
market in Japan through its subsidiary Japan EnviroChemicals, Ltd
("JEC”), who manufactures and distributes high-value-added
...
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