Kuraray has declared that the company has agreed to purchase MonoSol, a manufacturer of water-soluble polyvinyl alcohol (PVA) films based in the United States. Kuraray has planned to extend its vinyl acetate chemical chain business, through this purchase.
Kuraray will add new PVA films to its product offerings that will be these used in an extensive range of industrial applications, based on this acquisition. Currently, POVAL PVA film will be offered by Kuraray for use in optical applications, which includes a polarizing film. This film is a main element used in the liquid crystal displays.
According to the Chief Executive Officer and President of MonoSol, P. Scott Bening, MonoSol will continuously expand and service its client base, through this amalgamation, and will offer further resources and development resources. MonoSol will achieve the objectives of product development more efficiently and quickly, using the proficiency of Kuraray’s acetyl products. MonoSol is delighted about this merger and is expecting for a future with Kuraray, Bening stated.
Kuraray utilized its own technology in the synthetic and polymer chemistry area in order to expand chemicals, resins, textiles, fibers and others.
MonoSol was established in 1953 and manufactures specialty polymer-based water-soluble films for use in unit-dose applications.
Source: http://www.kuraray.co.jp/