Acquiring Company
Sumitomo Chemical
Acquired Company
Koei Chemical
Description
Sumitomo Chemical has successfully completed its share exchange with Koei Chemical. The deal led to a transfer of ¥2.4 billion in reserves. This transaction took effect on August 1 and will not affect the company's earnings. It indicates Sumitomo Chemical's strategic focus on capital management.
M&A Insights
Based on deal dataFrequently asked
Who acquired Koei Chemical?
Koei Chemical was acquired by Sumitomo Chemical, based in Tokyo. The deal was reported on August 4, 2026. Sumitomo Chemical is a leading chemical company that produces a variety of products including chemicals for agriculture, IT, and electronics. Sumitomo Chemical is privately held and operates in Manufacturing.
When did Sumitomo Chemical acquire Koei Chemical?
Sumitomo Chemical's acquisition of Koei Chemical was reported on August 4, 2026. Sumitomo Chemical has successfully completed its share exchange with Koei Chemical. The deal led to a transfer of ¥2.4 billion in reserves. This transaction took effect on August 1 and will not affect the company's earnings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Koei Chemical do?
Koei Chemical is involved in the chemical industry but specific details about the company are limited. They likely focus on specialized chemical production. Their merger with Sumitomo Chemical reflects strategic movements in the chemical market. It is privately held, operating in Manufacturing, and is based in North Brabant.