VANCOUVER, BC, Canada — Aicello announced today an agreement to acquire Tohcello Company’s polyvinyl alcohol (PVA) film product line and assets. The move is part of Aicello’s strategy to expand PVA film business as a core product offering, by increasing production capacity and leveraging the assets and technology included in the acquisition. The sale will be completed on April 1, 2009.
PVA film has a combination of several unique properties, making it ideal in applications such as water soluble packaging, mold release and transfer printing. PVA film’s biodegradability and water solubility meet the needs of today’s sustainability requirements for consumer unit dose laundry and dishwashing detergents. With significant growth in global demand, the acquisition allows continued expansion in current commercial markets, as well as development of new markets in the future. Aicello’s long term strategy is to combine the company’s research and development capabilities with the film’s exceptional properties, in order to modify and optimize PVA film into innovative new markets. More information can be found at www.solublon.com.
Aicello Chemical, Ltd. is a global specialty packaging manufacturer headquartered in Toyohashi, Japan, whose core products include Solublon(R) PVA water soluble film, Boselon(R) Volatile Corrosion Inhibitor (VCI) film, CleanContainers and Hyperclean(TM) polyethylene film.
Tohcello employees will continue to work on the production lines in Hamamatsu, Japan, which will be known as the Hamamatsu Production Group of Aicello Chemical Company, Ltd, complementing Aicello’s current production facilities in Toyohashi, Japan.
About Aicello
Aicello is a global leader in specialty packaging, manufacturing a diverse range of leading edge products with office locations in North America, Asia and Europe. Aicello actively researches emerging markets to pioneer new product types and solve tomorrow’s most challenging issues today. Aicello products serve the semiconductor, automotive, food, medical, consumer and aerospace industries.
More information: www.aicello.com.
