Daikin confirms acquisition of Cri-Tech Technologies

ORANGEBURG, N.Y.–Japan’s Daikin Industries Ltd. has bought fluoroelastomer compounder Cri-Tech Technologies L.L.C., which in turn has opened a compounding and formulating unit in China.

Tokyo-based fluorochemical producer Daikin acquired the unit through its U.S. subsidiary, Daikin America Inc. of Orangeburg, N.Y., from Immix Technologies L.L.C., which continues to own and operate silicone elastomer compounder Cri-Sil Silicone Technologies L.L.C. in Biddeford, Maine.

Terms of the transaction were not disclosed. Daikin said the acquisition is in line with its strategy to provide value-added compounding services. “Cri-Tech’s continuing commitment to…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with