Development Bank of Japan Participates in Mitsui Chemicals Dental Material Business
March 24, 2014
Mitsui Chemicals, Inc.
Development Bank of Japan Inc.
Mitsui Chemicals, Inc. ( “ MCI ” ), with its Head Office in Tokyo, Japan (Toshikazu Tanaka, President & CEO), and the Development Bank of Japan Inc. ( “ DBJ ” ), with its Head Office in Tokyo, Japan (Toru Hashimoto, President), announced the signing of an agreement for transfer of a part of equity interests in MCI’s MC Dental Holdings International LLC ( “ MCDHI ” ).
MCDHI (Tokyo, Japan) was established by MCI at the time of its 2013 acquisition of the German Heraeus Holding GmbH’s dental materials business subsidiaries ( “ Heraeus Kulzer ” ). MCI agreed to transfer 19.99% of its total equity interests in MCDHI to DBJ. DBJ will have equity participation with this share transfer in the global operations of Heraeus Kulzer.
Mitsui Chemicals will leverage Heraeus Kulzer's global business platform to further expand and bolster growth in the dental materials market, and thereby accelerate restructuring of its business portfolio to realizing growth and sustainability.
This equity participation will be made through DBJ’s “Fund for Japanese Industrial Competitiveness” and support MCI’s global growth strategy and contribute to strengthening competitiveness of Japan’s health care industry.
Attachment
Development Bank of Japan Participates in Mitsui Chemicals Dental Material Business (PDF : 13KB)
