DSM Desotech Sells Display Coatings Business to JSR Corporation

21-Mar-2006

DSM Desotech Inc., a subsidiary of Royal DSM N.V. based in the Netherlands, and JSR Corporation announced that the two companies have signed definitive agreements that will result in JSR acquiring the display coatings business that the two companies have jointly cooperated in as part of their joint venture, Japan Fine Coatings Co., Ltd.

JSR will directly acquire DSM Desotech's display coatings technology and business positions in this same market area outside Japan. No physical assets are involved in the acquisition. Parties have agreed not to disclose the transaction price to be paid by JSR to DSM. The effective date of the transaction will be April 1, 2006. The book gain for DSM on this transaction amounts to approximately EUR 10 million after tax, which will be reported by DSM in the results for the second quarter of 2006.

Other news from the department business & finance

These products might interest you

Dursan

Dursan by SilcoTek

Innovative coating revolutionizes LC analysis

Stainless steel components with the performance of PEEK - inert, robust and cost-effective

HPLC accessories
OCA 200

OCA 200 by DataPhysics

Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids

With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs

contact angle measuring instruments
Tailor-made products for specific applications

Tailor-made products for specific applications by IPC Process Center

Granulates and pellets - we develop and manufacture the perfect solution for you

Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers

toll manufacturing
Loading...

Most read news

More news from our other portals

So close that even
molecules turn red...