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MacDermid Performance Solutions, a leading global provider of specialty chemicals and materials, announced the cessation of its joint venture with Tanaka Kikinzoku Kogyo K.K. of Japan, which was conducted through Electroplating Engineers of Japan, Limited (EEJA). MacDermid Performance Solutions has agreed to divest all of its shares in the joint venture to Tanaka for an undisclosed sum.
Joseph J. D’Ambrisi, Sr. VP of MacDermid Enthone Electronics Solutions, commented, “The joint venture was originally formed in 1965 as a way for the American company Sel-Rex to establish a presence in the Japanese market. Sel-Rex became part of Enthone Inc., and in 2015, part of MacDermid Performance Solutions. The integration of MacDermid, Enthone and the former OM Group assets into one business has created a leading global solutions provider to the electronics industry, including a large presence in Japan. This presence has eliminated the need for continuing the joint venture. Looking back, the work and cooperation between our two companies was a model for scientific collaboration. After the transaction is complete, both EEJA and MacDermid Enthone, through cross-licensing agreements, will continue to provide an uninterrupted supply of products to our customers.”
Julian Bashore, General Manager of MacDermid Enthone Electronics Solutions, Japan said, “As a manufacturer of specialty chemicals and materials, MacDermid Enthone Electronics Solutions’ surface treatment and metal deposition chemistries provide value to our manufacturing customers in the electronics, automotive, and industrial markets. The integrated MacDermid Enthone Electronics Solutions business is renewing our commitment to the Japanese market through our best-in-class innovation and technical service support.“
Electroplating Engineers of Japan Ltd., headquartered in Japan, is engaged in the development, production, sales and export of precious metal and based metal plating solutions, additives and surface processing-related chemicals. EEJA also designs and manufactures plating equipment. Following today’s dissolution of the joint venture, EEJA becomes a 100%-owned subsidiary of Tanaka Kikinzoku Kogyo K.K. For more information, click here.
About MacDermid Enthone Electronics Solutions
MacDermid Enthone Electronics Solutions is a business within MacDermid Performance Solutions, which is a subsidiary of Platform Specialty Products Corporation. MacDermid Enthone Electronics Solutions researches, formulates and delivers specialty chemistries used in the world’s leading electronics. Our products and technical support provide solutions for the most complicated, micro scale circuitry challenges. From wireless devices to automotive and military electronics – in everything you see, and in many things you don’t – MacDermid Enthone is there. For more information, click here.