Status: Clearance

Acquirer:  Kaneka Corporation (Japan)

Acquired:  Applied Poleramic Inc. (US)

Value:  Approx. US$15 million

Industry:  Chemicals

UPDATE: In September 2017, Kaneka Americas Holding, Inc. completed its acquisition of Applied Poleramic Inc. (See Kaneka Corporation Press Release, Kaneka Aerospace Has Acquired the Composites Portfolio of Henkel Corporation to Further Strengthen Growth, Sales, and Market Position of Kaneka Aerospace Composites, Feb. 2, 2018.)

Posted June 30, 2017

Status: Upcoming/New CFIUS Filing

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.)