Acquisition of US composites company / Gaining foothold to build North American business base

摘要

Japan's Teijin (Tokyo; www.teijin.com) has agreed to buy US composites specialist Continental Structural Plastics Holdings (CSP, Auburn Hills, Michigan; www.cspplastics.com) for USD 825m (EUR 739m). Teijin will gain CSP's established sales channels as well as a platform to build an automotive composite products business in North America, accelerating its goal of becoming a tier 1 supplier worldwide. It said it expects the merger to yield significant synergies.