September 19, 2020

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Upcoming/New CFIUS Filing: Kaneka Corporation and Applied Poleramic Inc.

Status:  Upcoming/New Filing

Acquirer:  Kaneka Corporation (Japan)

Acquired:  Applied Poleramic Inc. (US)

Value:  Approx. US$15 million

Industry:  Chemicals

On June 19, Kaneka Americas Holding, Inc., the US subsidiary of Japan based Kaneka Corporation, and Applied Poleramic Inc., a California formulated advanced resin supplier in the aerospace area, entered into a Stock Purchase Agreement whereby Kaneka Americas Holding will acquire 100% of Applied Poleramic.   (See Kaneka Americas Holding Press Release, Kaneka has agreed to acquire a U.S. Formulated Advanced Resin Supplier – Making a Full-scale Entry into Aerospace Business, June 20, 2017.)  According to the announcement by Kaneka Americas Holding, “[t]he acquisition is subject to approval by the Committee of [sic] Foreign Investment in the United States.” (Id.)

© Copyright 2020 Squire Patton Boggs (US) LLPNational Law Review, Volume VII, Number 265


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