Daikin buys US fluoroelastomer compounder – report

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 (€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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