Toyochem Acquires Rights to Solvent Acrylic Adhesives from Dow Chemical Group

Toyochem Co., Ltd., a wholly-owned subsidiary of the Toyo Ink SC Holdings Co., Ltd., announced that it has executed a Purchase and Assignment Agreement on Dec. 30, 2015 to acquire the exclusive rights to a limited number of one-component, solvent-based acrylic pressure sensitive adhesive (PSA) technology from Rohm and Haas Chemicals LLC of Philadelphia, PA, a subsidiary of The Dow Chemical Company. Specifically, the agreement covers the global rights related to the formulation and manufacturing process in addition to customer information to 11 solvent acrylic PSA products.

The newly acquired product lineup will be relaunched under Toyochem’s ORIBAIN series for industrial applications, thus boosting the company’s existing PSA portfolio. The company maintains a number of technologies for two-component PSAs, which require the mixing of a base component with a hardener prior to application. Toyochem offers high-performance PSAs that demonstrate excellent adhesion, durability and transparency for automotive, electronics and panel display markets, earning the company a reputation for excellence in Japan, China, East Asia, Southeast Asia and North America.

“This move is a perfect fit for our business, both in terms of portfolio and strategic business direction,” added Satoru Takashima, president of Toyochem. “The newly acquired technology combined with our long-cultivated technology for high performance one-component PSAs and eco-friendly high-solid one-component products are expected to generate significant synergies. We believe such new developments will contribute to the rapid expansion of this business, especially in areas we have yet to penetrate such as India, Turkey and the Middle East, as well as in emerging markets in Africa and Latin America.”

The additional one-part technology will also be an addition to North America’s PSA business. Today they have both one-part and two-part solvent acrylic, as well as polyurethanes, which are a  compliment to the recently acquired technology. “We look forward to the continued growth within North America,” Jeff Okaichi, CEO of the Americas, stated. “The one-part technology will allow us to expand our offerings in this critical strategic region.”

Toyo Ink Group started business in the US in 1976, and has grown to four business divisions: Pressure Sensitive Adhesives, Advanced Materials, Paste and Liquid. Toyo Ink America, LLC (TIA), which is  headquartered in Wood Dale, IL, manufactures its PSA product line as well as liquid inks from its state-of-the-art Bryan, TX facility, which opened in 2008.  TIA’s PSA Division produces a diversity of solvent acrylic PSAs being used for tapes, labels and specialty applications.

“We are always challenging ourselves to develop and supply products which will reflect true value to the marketplace,” said Joe Sentendrey, GM of the TIA PSA Division. “These newly acquired one-part technologies will be an outstanding compliment to our present one-part and two-part product line, for a variety of applications, including VOC Free, Low Outgas, LSE, Thermal & Chemical Resistant, Optical Clarity and others.”