Seiren revises acquisition plan for Unitika and Nippon Ester textile businesses

Seiren Co. Ltd. has announced a change in the business succession scheme for the acquisition of textile operations from Unitika Ltd. and Nippon Ester Co. Ltd., originally disclosed on September 2, 2025. The initial plan for an incorporation-type company split has been canceled.

Instead, Unitika will first establish a new wholly-owned subsidiary as a company split preparation entity. Subsequently, Unitika and Nippon Ester will transfer the business to this new company through an absorption-type company split.

Following the absorption-type company split, Seiren will acquire all issued shares of the succeeding company, making it a subsidiary. The share transfer date remains January 1, 2026. This modification aims to expedite and streamline transaction initiation procedures with customers. The business encompasses Unitika and Nippon Ester’s staple fiber, high-strength polyester yarn, polyester polymerization, filament, and spunbond operations at the Okazaki Plant.