Mitsubishi Plastics acquires 50 pc stake in Aquamit

Mitsubishi Plastics acquires 50 pc stake in Aquamit

7:14 AM, 23rd May 2013
Mitsubishi Plastics acquires 50 pc stake in Aquamit

TOKYO, JAPAN: Mitsubishi Plastics Inc has bought 50 per cent of the issued and outstanding stock in Aquamit BV from the Quadrant Founders Group, and Aquamit has become MPI’s wholly-owned subsidiary, as of 21 May 2013. The stake in Aquamit was sold for the purpose of Quadrant’s business expansion and building further on the significant synergies achieved since 2009 together with MPI Group and also with Mitsubishi Chemical Holdings Group.

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