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NatureWorks LLC &
Teijin Ltd
Update Date: 09/18/08
Date Announced: 10/05/07
Value (million $USD): n/a
Status: Completed
TRANSACTION DETAILS
Date Announced10/05/07
Date Originally Announced10/05/07
FormatAcq. Maj. Int.Acquisition techniquesDivestiture
AttitudeFriendlyAgencyn/a
Valuen/aAdvisor Feesn/a
SYNOPSIS
US - Teijin Ltd (TL) acquired a 50% interest in NatureWorks LLC (NW), a manufacturer of commercially available polymers, from Cargill Inc (CI). On completion, NW was a 50:50 joint venture between CI and TL.
TARGET
NameNatureWorks LLC
IndustriesSynthetic rubber (vulcanizable elastomers); Unsupported plastics film and sheet
CityMinnetonka
StateMN
NationUnited States
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionNatureWorks LLC, located in Minnetonka, Minnesota, manufactures commercially available polymers, marketed under the NatureWorks polymer and Ingeo fibers brand names.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameTeijin Ltd (Tokyo 1 : 3401)
IndustriesCellulosic manmade fibers; Plastics products, nec; Packaging paper & plastics film,coated & laminated; Unsupported plastics film and sheet; Plastics materials and synthetic resins; Pharmaceutical preparations; Medicinal chemicals and botanical products
CityOsaka-Shi, Osaka
Staten/a
NationJapan
Incorporated inn/a
Public StatusPublic
Business DescriptionTeijin Ltd, headquartered in Osaka, Japan, manufactures fibers, textiles and films, with operations carried out through the following divisions: Fibers; Distribution & Retail; Films & Plastics; Pharmaceuticals and IT and New Business. Fibers include polyester fibers, nylon, polyvinyl chloride fibers and meta-linked aramid fibers. Distribution and Retail division deals in apparel products, industrial textiles, and automobile materials. Films & Plastics division deals in polyester films and polyethylene naphthalate films. Pharmaceuticals and medical tools division focus on respiratory, bone and joint, cardiovascular and metabolic diseases. IT and New business division deals in packaged software. The company was founded in 1918.
AdvisorsNULL
Acquiror Sales8.98 billion U.S. Dollar
1,030.48 billion Japanese Yen
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