Kuraray said the move was aimed at becoming a “total global leader in the poval film business, not only for optical uses but also for industrial applications.”
Kuraray is scheduled to include MonoSol in its consolidated balance sheets from the first quarter of the fiscal year ending 31 March, 2013 and in its consolidated statements of income from Q3 2013.
MonoSol will continue to operate under the same name, producing and selling industrial-use poval film under the control of Kuraray Holdings U.S.A.
The deal for an undisclosed amount has been approved after it was initially announced on 22 May.
