Toyochem Acquires Rights to Solvent Acrylic Adhesives From Dow Chemical Group
TOKYO — Toyochem Co. Ltd., a subsidiary of the Toyo Ink SC Holdings Co. Ltd., has executed an agreement to acquire the exclusive rights to a limited number of one-component, solvent-based acrylic pressure sensitive adhesive (PSA) technologies from Rohm and Haas Chemicals LLC of Philadelphia, a subsidiary of The Dow Chemical Co. 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 lineup will be relaunched under Toyochem’s ORIBAIN™ series for industrial applications, 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 for automotive, electronics and panel display markets.
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,” said 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.”
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