Mitsubishi Chemical acquires Advansource Biomaterials’ TPU business

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A few days ago, Mitsubishi Chemical Corporation announced that it will acquire the thermoplastic polyurethane elastomer (TPU) business of Advansource Biomaterials in the United States. Mitsubishi Chemical, through its subsidiary Mitsubishi Chemical Performance Polymers Corporation, plans to complete the acquisition in January 2020. The subsidiary is mainly engaged in the high-performance polymer business in the United States.

Advansource Biomaterials has high-end TPU business in the United States, and its products are mainly used in the production of cardiovascular catheters and other medical devices. Over the past few years, the company's products have grown in market share in the United States. TPU has good biocompatibility, antibacterial properties and flexibility, which makes it suitable for cardiovascular catheters and other implantable medical devices field is indispensable.

Due to the aging population, the need to reduce the physical burden of patients, and the technological innovation of medical devices, the market for TPU for medical devices is expected to be rapid growth in the future.

Through measures such as mergers and acquisitions, Mitsubishi Chemical's high-performance polymer business has expanded to various parts of the world, and currently provides various elastomer solutions. With this acquisition, the company will incorporate TPU technology into its product portfolio and establish a sales channel in the U.S. medical device market by obtaining material certifications , to accelerate the market expansion of existing businesses.

Mitsubishi Chemical has been actively expanding its business in the United States, hoping to further strengthen its high-performance polymer business.

Source: process-worldwide.com