Wednesday, 11 August 2021 05:25

MagnaColours acquired by Avient

Water-based textiles ink supplier MagnaColours has been acquired by US specialized and sustainable materials company Avient Corporation for $48m (£34.9m).

“Magna represents an important investment in sustainable solutions, as brand owners seek alternatives to legacy technologies” Robert Patterson, chairman, president and CEO, Avient Corporation.“We are thrilled to have Magna join Avient. We expect our collective inks portfolio will grow substantially as the threat of Covid subsides, people can safely attend sporting and other live events in person, and travel increases.”



Published in International

Mitsubishi Chemical Corporation (MCC) has acquired all the shares of Nakai Industrial, a film-coating manufacturer, and converted the company into a consolidated subsidiary.

MCC decided that it could build a system that can quickly respond to the sophisticated demands of a wide range of customers through synergies with the technology, knowhow, human resources, and processing facilities possessed by Nakai Industrial. Accordingly, MCC made the decision to acquire all the shares of Nakai Industrial.

MCC is implementing a growth strategy, including adding a new line in Indonesia, for the purpose of addressing brisk demand for its high-performance polyester films, which are mainly used in optical applications and telecommunication devices. MCC will be able to accelerate its undertakings by expanding its processing technologies through this recent acquisition of shares in Nakai Industrial.

Published in Inside the Business

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