- June 4, 2019
- Posted by: GBS
Henkel AG & Co KGaA – a client of GBS in Vietnam has sold its Asian electronic cleaning chemicals business to Nippon Kayaku Co Ltd, a Japanese specialty chemicals company. Terms of the transaction were not disclosed.
Henkel’s Asian electronic cleaning chemicals business was part of Henkel’s Adhesives Technologies division. It is a leading producer of mission-critical cleaning chemicals for LCD panel and semiconductor production. It is an established technology leader with a 20-year track record for quality and reliability. It is a key supplier to global blue chip OEMs, notably in China, Japan and Taiwan.
BDA was the exclusive financial advisor to Henkel on the transaction.
Yukio Tachibana, Nippon Kayaku’s Head of Functional Chemicals, said: “This acquisition will bring significant benefit to Nippon Kayaku and fits perfectly into our electronics materials business line. We are looking forward to new opportunities through existing product line synergies, along with new product developments, using channels from both Nippon Kayaku and Henkel as part of our strategic plan to become an advanced semiconductor materials supplier.”
Mark Webster, BDA Managing Director, noted: “This transaction marks BDA’s fourth successful sale process for Henkel in the last decade. It shows again the trust that world-leading corporates place in BDA to deliver robust, value-maximizing divestitures for Asian assets, even in tumultuous markets. We have a particularly strong track record in the chemical and tech sectors.”