Kuraray to acquire DuPont Glass Laminating Solutions/Vinyls
Kuraray ( Tokyo, Japan; www.kuraray.co.jp/en) and DuPont (Wilmington, Del.; www.dupont.com) have signed a definitive agreement for DuPont to sell Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of DuPont Packaging & Industrial Polymers, to Kuraray for $543 million, plus the value of the inventories. The sale is expected to close during the first half of 2014, pending customary regulatory approvals. GLS/Vinyls is a supplier of polyvinyl butyral and ionomer sheets for safety glass, and vinyl acetate monomer and polyvinyl alcohol products.