- Mitsui Chemicals acquired all shares of Nippon Aluminum Alkyls from Ketjen.
- NAA specializes in organometallic compounds like alkyl aluminum.
- Applications include catalysts for polyolefins and pharmaceutical synthesis.
- The acquisition aligns with Mitsui's VISION 2030 for sustainable growth.
Acquisition Details
Mitsui Chemicals has acquired Nippon Aluminum Alkyls Ltd. (NAA) from Ketjen Netherlands Holdings B.V., making NAA a wholly owned subsidiary. This acquisition involves the transfer of all shares previously held by Ketjen.
NAA's Expertise
Established in 1968, NAA specializes in the production and sale of organometallic compounds, particularly alkyl aluminum. These compounds are crucial in various applications, including catalysts for polyolefins, reducing agents for pharmaceutical synthesis, and raw materials for electronic information materials.
Strategic Alignment
This acquisition supports Mitsui Chemicals' VISION 2030 Long-Term Business Plan, which aims to enhance its global specialty chemicals business and sustainable green chemicals initiatives. By integrating NAA, Mitsui plans to efficiently allocate resources towards the production and sales of catalysts and co-catalysts used in manufacturing polyolefins, synthetic rubber, and high-grade alcohols.
Market Impact
The acquisition is expected to have minimal impact on Mitsui Chemicals Group's overall performance, with no changes to the current earnings forecast. This move ensures a stable supply of co-catalysts for polyolefin production, aligning with Mitsui's strategic goals.
