In a comprehensive report, Taiwan Rubber Co., Ltd. plans to acquire Dexco Polymers, a thermoplastic elastomer manufacturer jointly established by ExxonMobil Chemical and Dow Chemical in the United States. P. the company.
According to Dow Jones News, the company said in a statement to the Taiwan Stock Exchange last Friday that it will acquire Dexco Polymers Operating Company LLC and Dexco Polymers LP for US$168 million.
Taiwan Rubber said the acquisition will help the company upgrade its technology, provide customers with more diversified choices and form a diversified customer base across Asia, Europe and the Americas. The company also stated that the acquisition agreement still needs the approval of the regulatory authorities of the United States and Taiwan, and the scheduled date of completion of the transaction is the beginning of the second quarter of 2011.
Taizhou Rubber Co., Ltd. was formerly known as Taiwan Synthetic Rubber Co., Ltd., which produces SBR and polybutadiene rubber. The company also produces Taipol TPE for adhesives, industrial compounds and shoes.
According to Dow Jones News, the company said in a statement to the Taiwan Stock Exchange last Friday that it will acquire Dexco Polymers Operating Company LLC and Dexco Polymers LP for US$168 million.
Taiwan Rubber said the acquisition will help the company upgrade its technology, provide customers with more diversified choices and form a diversified customer base across Asia, Europe and the Americas. The company also stated that the acquisition agreement still needs the approval of the regulatory authorities of the United States and Taiwan, and the scheduled date of completion of the transaction is the beginning of the second quarter of 2011.
Taizhou Rubber Co., Ltd. was formerly known as Taiwan Synthetic Rubber Co., Ltd., which produces SBR and polybutadiene rubber. The company also produces Taipol TPE for adhesives, industrial compounds and shoes.