Toyochem Acquires Rights to Dow Chemical Adhesives
Toyochem Co. Ltd., a wholly owned subsidiary of the Toyo Ink SC Holdings Co. Ltd., recently announced that it has executed a Purchase and Assignment Agreement to acquire the exclusive rights to a limited number of one-component, solvent-based acrylic pressure sensitive adhesive (PSA) technology from Rohm and Haas Chemicals LLC, a subsidiary of The Dow Chemical Co. The agreement reportedly 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 reportedly be relaunched under Toyochem’s ORIBAIN™ series for industrial applications. Toyo Ink America’s (TIA) PSA division produces a range of solvent acrylic PSAs for tapes, labels and specialty applications. “We are always challenging ourselves to develop and supply products that will reflect true value to the marketplace,” said Joe Sentendrey, general manager of the TIA PSA division. “These newly acquired one-part technologies will be an outstanding complement to our present one-part and two-part product line for a variety of applications, including VOC free, low outgas, LSE, thermal and chemical resistant, optical clarity, and others.”
“This move is a perfect fit for our business, both in terms of portfolio and strategic business direction,” said Satoru Takashima, president. “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.”