Kuraray Completes Acquisition of Glass Laminating Solutions/Vinyls from DuPont

TOKYO, Japan, Kuraray Co., Ltd. (“Kuraray”, TSE:3405) announced that it has completed the acquisition of Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of DuPont Packaging & Industrial Polymers, from E.

I. du Pont de Nemours and Company (“DuPont”, NYSE: DD) on June 1, 2014 ( U. S. local time).  The acquisition was announced on November 21, 2013. The impact of this transaction on consolidated results for the fiscal year ending December 2014 is currently under estimation and the figures will be disclosed when the assessment has been completed.

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Profile of Kuraray

(1) Name : Kuraray Co., Ltd.

(2) Headquarter : Chiyoda-ku, Tokyo JAPAN

(3) Representative : Fumio Ito

(4) Business : Manufacturing and sales of chemicals and resins, fibers and textiles, high performance material, medical

products and others

(5) Establish : 1926

(6) URL : www.kuraray.co.jp/en

Profile of DuPont

(1) Name : E. I. du Pont de Nemours and Company

(2) Headquarter : Wilmington DE ( United States )

(3) Representative : Ellen J. Kullman, Chair of the Board & CEO

(4) Business : Supplying of products, technology and service based on scientific technology

(5) Establish : 1802

(6) URL : www.dupont.com

Announcement of Completion of Acquisition of Glass Laminating Solutions/Vinyls from DuPont

Kuraray Co., Ltd. (“Kuraray”) announced in its November 21, 2013 news release, “Kuraray to Acquire DuPont Glass Laminating Solutions/Vinyls”, that it entered into a Sale and Purchase Agreement to acquire Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of DuPont Packaging & Industrial Polymers, from E. I. du Pont de Nemours and Company (“DuPont”). Pursuant to this agreement, effective June 1, 2014 Kuraray completed procedures for the acquisition as scheduled.

The impact of this transaction on consolidated results for the fiscal year ending December 2014 is currently under estimation and the figures will be disclosed when the assessment has been completed.

600450 Kuraray Completes Acquisition of Glass Laminating Solutions/Vinyls from DuPont glassonweb.com
Date: 3 June 2014
Source: www.kuraray.co.jp

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