Mitsubishi Rayon buys Lucite
Japanese firm Mitsubishi Rayon pays $1.6 billion for UK-based Lucite to consolidate its position within acrylics and globalise its business.
JapanÆs Mitsubishi Rayon will buy Southampton-headquartered Lucite International for an enterprise value of $1.6 billion, obtaining the Lucite and Perspex brands as well as a globally diversified stable of manufacturing and sales facilities.
Earlier this year Mitsubishi Rayon said expanding its core acrylics business was a top priority. The Japanese firmÆs manufacturing is currently Asia-centric with plants in Japan, China and Thailand and new facilities under construction in Thailand and Korea.
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