Seiren to acquire new textile company from Unitika and Nippon Ester split

Seiren Co., Ltd. announced its acquisition of a new company, to be formed from a corporate split involving Unitika Ltd. and its subsidiary, Nippon Ester Co., Ltd. The new entity will take over Unitika and Nippon Ester's textile business, including polyester polymerization, nonwoven fabric, clothing, and industrial fiber manufacturing at the Okazaki Plant. Seiren's board of directors resolved to conclude a share transfer agreement on September 2, 2025, with the share transfer scheduled for January 1, 2026. This acquisition follows Unitika’s November 28, 2024, announcement of its withdrawal from the textile business.

The transaction involves Seiren acquiring 100% of the new company's shares. The estimated acquisition cost for common shares is 7,800 million yen, with an additional 10 million yen for advisory fees, totaling an estimated 7,810 million yen. The new company, to be established on December 26, 2025, will focus on manufacturing and selling nonwoven fabric, industrial fiber, filament products, and various polyester chips.

Seiren views this acquisition as an opportunity to contribute to social responsibility by continuing manufacturing and technological development in Japan's textile industry, revitalizing local industries, and maintaining employment. The Okazaki Plant, with its extensive facilities and skilled workforce, is central to this strategy. Seiren also plans to leverage existing facilities for chemical recycling, aligning with ESG and carbon neutrality goals.