Sumitomo Bakelite to Acquire Kyocera's Chemical Unit for 30 Billion Yen

MT Newswires Live
Jan 22

Sumitomo Bakelite (TYO:4203) is acquiring Kyocera's (TYO:6971) chemical business for 30 billion yen, according to the companies' filings with the Tokyo bourse on Thursday.

The deal involves Kyocera creating a new subsidiary in July 2026 to house its semiconductor materials unit, which will produce encapsulation materials, bonding pastes, and industrial resins.

Kyocera will then transfer 100% of the new company's shares to Sumitomo Bakelite in October, making it a wholly-owned subsidiary.

The acquisition will enhance Sumitomo Bakelite's technological capabilities and presence in the ICT and semiconductor materials market, while for Kyocera, the divestiture represents a strategic step in its portfolio restructuring.

The final transfer price is subject to adjustment per the share purchase agreement.

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