M&A Deal Summary

Sumitomo Chemical Acquires Hitachi Metals - Compound Semiconductor Materials Business

On February 3, 2015, Sumitomo Chemical acquired chemicals company Hitachi Metals - Compound Semiconductor Materials Business from Proterial

Acquisition Highlights
  • This is Sumitomo Chemical’s 9th transaction in the Chemicals sector.
  • This is Sumitomo Chemical’s 4th transaction in Japan.

M&A Deal Summary

Date 2015-02-03
Target Hitachi Metals - Compound Semiconductor Materials Business
Sector Chemicals
Buyer(s) Sumitomo Chemical
Sellers(s) Proterial
Deal Type Divestiture

Target

Hitachi Metals - Compound Semiconductor Materials Business

Japan
Hitachi Metals - Compound Semiconductor Materials Business includes those of compound semiconductor materials, such as gallium nitride (GaN) substrates, GaN epiwafers, and gallium arsenide (GaAs) epiwafers.

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Buyer(S) 1

Buyer

Sumitomo Chemical

Tokyo, Japan

Category Company
Founded 1913
Sector Chemicals
Employees29,279
Revenue 2.61T JPY (2025)
DESCRIPTION

Sumitomo Chemical is a manufacturer of fertilizers from sulfur dioxide emitted from smelting operations at the Besshi copper mine. The company engages in the Petrochemicals & Plastics Sector, Energy & Functional Materials Sector, IT-related Chemicals Sector, Health & Crop Sciences Sector, Pharmaceutical Sector, and Others. Sumitomo Chemical was founded in 1913 and is based in Tokyo, Japan.


DEAL STATS #
Overall 12 of 16
Sector: Chemicals M&A 9 of 13
Type: Divestiture M&A Deals 4 of 5
Country: Japan M&A 4 of 5
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 E. I. du Pont de Nemours - Asana Insecticide

United States

E. I. du Pont de Nemours - Asana Insecticide, active ingredient esfenvalerate, is a proven control tool for a wide range of insect pests in major field crops, vegetables, tree fruits and nuts. Asana has more than 50 crops on the product label. Its unique cottonseed oil-based formulation provides superior wash-off resistance and UV Light protection to enhance residual control of insect pests.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Excel Crop Care

Mumbai, India

Excel Crop Care Ltd. engages in Developing, manufacturing and sale of agrochemicals. The company also exports its products. Excel Crop Care Limited was incorporated in 1964 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Proterial

Tokyo, Japan

Category Company
Founded 1910
Sector Metals/Mining
Employees28,620
Revenue 942.7B JPY (2022)
DESCRIPTION

Proterial engages in the manufacture and marketing of high-grade metal products and materials, electronics and information technology (IT) devices. Proterial was founded in 1910 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 3
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: Japan M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 Waupaca Foundry

Waupaca, Wisconsin, United States

Waupaca Foundry is a supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets, produces gray iron castings, ductile iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. The manufacturer also specializes in precision machining and assembly. Waupaca Foundry was founded in 1871 and is headquartered in Waupaca, Wisconsin.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 SinterMet

Kittanning, Pennsylvania, United States

SinterMet develops and manufactures tungsten carbide, titanium carbide, and ceramic rolls for bar, rod, and wire rolling in ferrous and nonferrous rolling mills. SinterMet was founded in 1975 and is based in Kittanning, Pennsylvania.

Sell -