Mitsubishi Rayon acquire Aldila

Mitsubishi Rayon to acquire Aldila

11:31 AM, 5th December 2012
Mitsubishi Rayon to acquire Aldila

TOKYO, JAPAN/POWAY, US: Mitsubishi Rayon Co Ltd has entered into a merger agreement to acquire US based Aldila Inc, with aims to strengthen and expand graphite golf shafts and carbon fibre intermediate materials businesses globally. Subject to stockholders’ resolution obtained at the stockholders’ meeting scheduled at end of December as well as approvals by appropriate authorities required in the United States, a US subsidiary formed by MRC and Aldila will merge with Aldila as the surviving company, and Aldila will become 100 per cent subsidiary of MRC.

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