Tokyo--Daikin Industries Ltd has reportedly bought US-based fluoro-elastomer compounder, Cri-Tech Technologies LLC. A story in the Nikkei says Daikin acquired the unit through its US-based subsidiary, Daikin Americas.
Cri-Tech claims to be the US' largest processor of fluoro-elastomers, with 40 percent market share of the domestic industry, estimated at 1700 tonnes per year. Cri-Tech reported sales of Â¥3000 million (â‚¬22 million) in 2003. It says it is, "full service custom compounder of high performance FKM compounds, specialty compounds and additives"
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Nikkei (Japan) story (subscription to the Nikkei required)
Website of Cri-Tech
Website of Daikin America