Toyochem acquires rights to solvent Acrylic Adhesives from Dow Chemical Group
Toyochem Co, a wholly-owned subsidiary of the Toyo Ink SC Holdings, has announced that it has executed a Purchase and Assignment Agreement on to acquire the exclusive rights to a limited number of one-component, solvent-based acrylic pressure sensitive adhesive (PSA) technology from Rohm and Haas Chemicals LLC of Philadelphia, Pennsylvania, USA, a subsidiary of The Dow Chemical Company.
Specifically, the agreement covers the global rights related to the formulation and manufacturing process in addition to customer information to 11 solvent acrylic PSA products.
The newly acquired product line-up will be re-launched under Toyochem’s ORIBAIN series for industrial applications, thus boosting the company’s existing PSA portfolio. The company maintains a number of technologies for two-component PSAs, which require the mixing of a base component with a hardener prior to application. Toyochem offers high-performance PSAs that demonstrate excellent adhesion, durability and transparency for automotive, electronics and panel display markets, earning the company a reputation for excellence in Japan, China, East Asia, Southeast Asia and North America.
Up till now, the Asia Pacific and North America regions have been the primary markets for PSA revenues for the Toyo Ink Group. By leveraging the customer lists and data it has obtained through the agreement, Toyochem plans to strengthen its global PSA business in markets such as Europe, Middle East and Africa
“This move is a perfect fit for our business, both in terms of portfolio and strategic business direction,” stated Satoru Takashima, president of Toyochem. “The newly acquired technology combined with our long-cultivated technology for high performance one-component PSAs and eco-friendly high-solid one-component products are expected to generate significant synergies.
“We believe such new developments will contribute to the rapid expansion of this business, especially in areas we have yet to penetrate such as India, Turkey and the Middle East, as well as in emerging markets in Africa and Latin America.”
Toyochem oversees the Toyo Ink Group’s Polymers and Coatings-related business segment as a core operating company. Headquartered in Tokyo, it has two production facilities in Saitama and Hyogo prefectures in Japan. The company was founded on the Group’s high polymer design technologies accumulated over a century of resins development for printing inks.
In addition, Toyochem’s products serve a wide range of markets, such as self-adhesive labels, can production, home electronics and healthcare, among other markets.