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ECONOMY

Tokai Carbon to acquire major U.S. materials manufacturer

  • June 27, 2018
  • , Nikkei evening edition , p. 3
  • JMH Translation

Tokai Carbon announced on June 26 that it will acquire Sid Richardson Carbon, a leading U.S. carbon black manufacturer based in Texas, and two affiliated firms for 34.1 billion yen to expand its mainstay carbon black operations in the U.S. in addition to Asia.

 

Richardson generated about 310 million dollars (about 34 billion yen) in sales for the year ending December 2017. It is the largest carbon black producer in the U.S.

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