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Nippon Kayaku Co. has acquired a business unit for the electronic cleaning sector from Henkel

Nippon Kayaku Co., Ltd. has acquired assets engaged in the production of electronic cleaning chemicals for LCD screen and semiconductor manufacturing from Henkel AG & Co KGaA.

Nippon Kayaku Co. manufactures and sells a variety of chemical products. The firm is organized in four segments, based on product type. The functional chemicals segment, which generates more revenue than any other, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers in case of an accident. The agrochemicals segment sells insecticides and herbicides. Most of the company’s revenues come from Asia.

Henkel has two distinct customer groups. The consumer segment, around 53% of consolidated 2018 sales, offers household and personal products, such as Persil and Purex laundry detergent, Schwarzkopf hair care, Dial body care and Loctite adhesive. The 2016 acquisition of Sun Products added Sun, Snuggle, and All to the portfolio. The industrial adhesives segment represents the remaining 47%. Sales from high-margin Western Europe accounted for 31% of the firm’s consolidated total in 2018, while Asia and North America accounted for 17% and 25%, respectively.

Oaklins’ team in Japan acted as the exclusive financial advisor to Nippon Kayaku on this transaction.

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M&A buy-side
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 Taro  Okayama

Taro Okayama

Managing Director

Tokyo, Japan
Oaklins SXA
 Taiji  Yamamoto

Taiji Yamamoto

Managing Director

Tokyo, Japan
Oaklins SXA
 Tszying  Chau

Tszying Chau

Analyst

Tokyo, Japan
Oaklins SXA

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