Announcement Concerning Completion of Purchase of AIM Aerospace Group

Nov 22, 2019
SEKISUI CHEMICAL CO., LTD.

SEKISUI CHEMICAL CO., LTD (President and Representative Director: Teiji Koge; hereinafter “SEKISUI CHEMICAL”) announces that it completed the acquisition of all outstanding shares of AIM Aerospace Corporation and indirectly acquired its six subsidiaries on November 21, 2019. This announcement is related to * the SEKISUI CHEMICAL’s press release of June 17, 2019, in which the fact that SEKISUI CHEMICAL agree to purchase the AIM Aerospace Group was reported.

SEKISUI CHEMICAL regards businesses for automobiles, aircraft and others as a growth field and also positions the field as the “Mobility Materials domain.” In this domain, it will not only focus on producing synergies in marketing, sales, and research and development together with its new group, the AIM Aerospace Group, but also make every effort to expand its business and continue to serve its existing customers.

* The press release dated June 17, 2019, which is titled “Announcement Concerning Purchase of AIM Aerospace Group(pdf)”

【Summary of AIM Aerospace Group】

(1)Headquarters:

Seattle, Washington State, US

(2)Representative:

President & CEO Daniele Cagnatel

(3)Details of business:

Development, manufacture and sale of composite mold materials for aircraft and drones
*Major products: Ducts, secondary structural materials and engine parts for aircraft, external parts for drones

(4)Established:

1988

(5)Production base:

Seattle, Washington (two bases), Orange City, Iowa

(6)Number of employees:

Approximately 1,100

About SEKISUI CHEMICAL Group

Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 200 companies throughout 21 countries aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.

Press Contact

SEKISUI CHEMICAL CO., LTD.
Public Relations Department
Fax: +81-(0)3-6748-6547

Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.