Notice Regarding Absorption-Type Merger of Wholly Owned Subsidiary
Bolstering the thermoset composite material business via management integration
2023.02.07
Japan Composite Co., Ltd.
Japan Composite Co., Ltd. (JCC; Chuo-ku, Tokyo; President: TAKAHASHI Akihiro) today announced that it has conducted an absorption-type merger of its wholly owned subsidiary JC Kako Co., Ltd. (Chuo-ku, Tokyo; President: KASAI Nobutoshi). The two companies concluded a merger agreement on February 1, 2023, with the merger set to become effective on April 1, 2023.
Reinforcing unified operations through integrated management
In December 2020, JCC acquired the sheet molding compound (SMC) and molded products business of DIC Kako, Inc. and established JC Kako as a wholly owned subsidiary. In addition to increasing JCC’s SMC production capacity to 33,000 tons – a 70 percent rise over the previous level – the acquisition created an integrated supply chain spanning the unsaturated polyester resin used as a raw material through to the SMC and its molding process.
Now with this new merger, JCC aims to reinforce a unified operational approach that leverages the strengths built up by both companies to date, making it possible to provide customers with an even wider range of solutions.